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IMF raises Saudi economic growth forecastsThe IMF in its World Economic Outlook report has raised Saudi Arabia’s 2018 and 2019’s growth forecasts to 1.6 per cent and 2.2 per cent respectively (50bps and 60bps higher than the previous estimates), owing to the recent rally in More… |
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Arab economies may witness 2.3pc growth in 2017Arab economies are projected to grow by 2.3 per cent in 2017 as a result of the decline in growth rate of the Arab oil-exporting countries to 1.8 per cent, according to the latest forecast by the Abu Dhabi-based Arab Monetary Fund (AMF). More… |
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Bahrain’s economy ‘set to grow at 2.9pc’Bahrain’s economy is expected to grow at 2.9 per cent in the near- to medium-term supported by the non-oil sector even as downward pressure on oil prices continues, according to Economic Development Board (EDB) chief economist Dr Jarmo Kot More… |
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China Q3 economy growth weakest since 2009China posted its weakest quarterly economic growth since the global financial crisis on Monday, raising pressure on policymakers to cut interest rates further and roll out other support measures to avert a sharper slowdown. Chines More… |
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Oil edges up as strong demand seenCrude oil prices edged up in early Asian trading on Thursday as demand was estimated to have remained strong despite slowing economic growth in Asia, and as Russian and western air campaigns in Syria worried markets. Traders said More… |
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Saudi economy accelerates in first quarterSaudi Arabia's economy accelerated in the first quarter of 2015, showing the world's top oil exporter can cope with low energy prices, but growth may slow as the government faces pressure to rein in spending. Gross domesti More… |
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US manufacturing data bolster growth outlookUS manufacturing output rose in May and factory activity in New York state accelerated sharply this month, buoying hopes of a strong rebound in economic growth this quarter. The brightening growth outlook was further boosted by ne More… |
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Oman 2013 economic growth slowest since 2009Oman's economic growth plunged to 2.8 percent in nominal terms in 2013, its slowest pace of expansion since 2009, as output in the key oil sector shrank, data showed on Sunday. The sultanate's economy had grown 11.5 percen More… |
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Top analysts cut 2013 oil demand growth estimatesThe International Energy Agency (IEA) trimmed its estimate for growth in oil demand in 2013, becoming the third of the world's top oil forecasters this week to predict weaker consumption due to subdued economic growth. World o More… |
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Economic growth 'is vital for decent jobs'The importance of studying challenges facing decent work programmes to boost employment schemes and social insurance policies as well as ensure sustainable development, said a senior Bahraini government official. Speaking at the 15th Asia More… |
