Monday 1 May 2017
 
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Bahrain's credit rating ‘backed by wealth values’

Bahrain's Ba2 credit rating with a negative outlook is supported by the country's high wealth levels, a diversified economy and the positive net international investment position, Moody's Investors Service said in a report.

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China’s GDP up 6.9pc in Q1

Improvements in China’s industrial production, investment and exports during the first quarter of 2017  helped boost its gross domestic product (GDP) growth to 6.9 per cent year-on-year, according to recent data. The Na

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Global economic growth seen at 2.8pc this year

Buoyed by a strong US economy, as well as improving outlooks for many emerging market economies, world economic growth is forecast to increase 2.8 per cent in 2017, compared to 2.5 per cent in 2016, a report said. However, substan

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Non-oil sector accounts for 69.5pc of Abu Dhabi GDP

Non-oil businesses account for 69.5 per cent of Abu Dhabi GDP as per the current prices during the last quarter of 2016, while oil businesses represent 30.5 per cent, said the director-general of Abu Dhabi Statistics Centre (ADSC).

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Non-oil sector accounts for 69.5pc of Abu Dhabi GDP

Non-oil businesses account for 69.5 per cent of Abu Dhabi GDP as per the current prices during the last quarter of 2016, while oil businesses represent 30.5 per cent, said the director-general of Abu Dhabi Statistics Centre (ADSC).

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Modon’s contribution to Saudi GDP to reach $37bn by 2020

Saudi Industrial Property Authority (Modon) has revealed that its contribution to Saudi Arabia’s gross domestic product (GDP) through  investments in the industrial cities is expected to rise from SR104 billion ($27.2 billion) to more

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Oman will need external financing support says report

Oman's continued large twin deficits imply a need for material external financing to prevent sustained erosion in foreign assets and to defend the US dollar peg, a report says. Further borrowing is likely to pressure external

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Oman will need external financing support says report

Oman's continued large twin deficits imply a need for material external financing to prevent sustained erosion in foreign assets and to defend the US dollar peg, a report says. Further borrowing is likely to pressure external

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GCC growth likely to improve this year

The GCC economies recorded a sharp slowdown in 2016 amidst public sector spending cuts, tightening liquidity and investor uncertainty, a report said, adding that growth is expected to improve in 2017 across the GCC states, except in Oman and Bah

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UAE real GDP growth set to regain pace

Following two straight years of softer growth, the UAE's real GDP is set to gather pace in 2017 and 2018 as the non-oil sector is likely to stage a healthy recovery and offset some of the moderation in the oil sector, said a report.

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