Many resource-rich countries in the region do not perform as well on social and environmental indicators when compared to countries of similar per capital wealth which are not dependent on natural resources, said an expert.
The US economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.
Gross domestic product expanded at a 4.0 per cent annua
Qatar's economic growth rebounded to 6.2 per cent on an annual basis in January-March after a slowdown in the final quarter of 2013 as a double-digit surge in construction activity helped offset a decline in hydrocarbons, data showed on Mond
While Bahrain’s real GDP growth reached 5.3 per cent last year, the rate of growth of the non-oil economy is expected to accelerate from 3 per cent last year to roughly 4.4 per cent this year, a report said.
The relative sta
Bahrain last year saw foreign direct investment (FDI) of $989 million, an increase of 11 per cent from the 2012 level, outpacing global FDI flows which rose by 9 per cent, a report said.
The United Nations Conference on Trade and
The recent approval by Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, of Federal Law No 2 of 2014 for Small and Medium-sized Enterprises (SME) is viewed by many as a positive step towards stimulation of the SME sector in the UAE.
Bahrain's state budget deficit nearly doubled to BD410 million ($1.1 billion) in 2013 but was only a fraction of the original projection as spending rose at its slowest rate since 2009, finance ministry data showed on Monday.
Oman will lead the Middle East in the travel and tourism sector in 2014 with a 10.2 per cent growth amounting to RO1.08 billion ($2.8 billion) over the 2013 figures of RO982.8 million, a report said.
The country is well-positioned
Bahrain ranks 15th worldwide in per capita gross domestic product (GDP) at $43.36, according to the International Comparison Programme report issued by World Bank.
Qatar ranks first globally with GDP per capita reaching $146.521,
The Organisation of Economic Co-operation and Development (OECD) countries accounted for around 50 per cent of the world’s gross domestic product (GDP) expressed in Purchasing Power Parities (PPPs) in 2011 - the latest benchmark year - com