Friday 18 April 2014
 
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economy

Global economic growth 'facing challenges'

The global economy is taking a turn for the better, but its slow recovery must be taken into account, particularly in advanced economies, said Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Mohammed Al Khalifa.

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Good growth seen in UAE, Saudi Arabia

The UAE and Saudi Arabia are expected to enjoy good economic growth this year, according to a Crédit Agricole Private Banking research report. The ‘Macro Comment – Eastern Promises: Mena Update’ said Arab

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Expect another boom, Dubai tells bankers

Dubai has told international bankers that it was gearing up for another boom and did not regret the pro-growth policies which brought it to the brink of default five years ago. It appeared to win the endorsement of many of the bankers.

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Bahrain’s economy rebounds with 7.1pc growth

Bahrain's economy bounced back, ending last year on a positive note. The rate of growth topped 5.4 per cent (fixed prices) and soared to 7.1 per cent (current prices) in the fourth quarter of 2013, compared with the same period in 2012.

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Syrian war driving new wave of Lebanese emigration

In both war and peace, Lebanon has always seen many of its ambitious youth leave for better opportunities. More Lebanese live outside Lebanon than in it. But neighbouring Syria's civil war, bombs in Lebanon and an economic slo

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Kuwait lets foreign banks open more branches

Kuwait will let foreign banks open multiple branches in the country to spur growth, authorities said, though analysts doubt many banks will take advantage of the offer unless the government accelerates long-postponed investment projects.

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Experts discuss diversification of Bahrain's economy

The Economic Development Board (EDB) and the Bahrain Institute of Banking and Finance (BIBF) jointly organised a panel discussion on the "Diversification of Bahrain's Economy". Leading bankers, university lecturers a

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IT will help Saudi to be 'most competitive economy'

The ongoing transformation in the IT sector will help Saudi Arabia become the most competitive economy in the Middle East region by 2020, said an expert. System integrators like Omnix International are helping government entities

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Saudi can achieve 4.4pc growth this year

The International Monetary Fund's forecast for Saudi Arabia's economic growth of 4.4 percent this year is reasonable and achievable, the country's central bank governor Fahad al-Mubarak said on Sunday. "We see tha

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Kuwait GDP growth to hit 3.5pc in 2014

Kuwait's economy is expected to grow between three and 3.5 per cent this year, the country's central bank governor said on Wednesday. Mohammad al-Hashel also told reporters on the sidelines of a meeting of Gulf central ban

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