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Non-oil Activities Reached 50% of Saudi Arabia’s Real GDP in 2023

Non-oil activities in the Kingdom recorded their highest contribution to the Real GDP during the year 2023 at 50%, which is the highest historical...
Gulf Cooperation Council economies are experiencing growth and development supported by positive reforms, higher oil revenues, and falling interest rates.

GCC Economies Witnessing a Golden Age of Progress and Growth

Regional economies are undergoing a positive cycle of improving competitiveness and growth amid higher oil revenues and economic reforms, Majid Jafar tells Davos   Region’s digital...

Fiscal Monitor Report: Food and Energy Crisis

Countries are facing tough choices when dealing with the impact of rising inflation, lingering pandemic, and historically high debt levels, the IMF said in...

World Economy to Return to Pre-Pandemic Output in 2021

The OECD released its latest interim Economic Outlook report, providing us with an updated look at the pandemic’s impact on the world economy. Striking...

Global Growth Outlook Stabilized; What’s ahead in 2020?

Global financial conditions have improved across the world, although rising debt levels pose a future threat. An uneasy cessation of trade hostilities between...

Dubai Economy Grows 2.1% in H1 2019

Dubai's economy grew 2.1 percent YoY in H1-2019, with the emirate's GDP reaching AED 208.2 bn at constant prices in the first six months...

Dubai real growth forecast: 2.1% in 2019, 3.8% in 2020, and...

Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 Dubai are providing increased private sector credit...

UAE GDP grows 4.4 percent in Q4 2018

Driven by increased buoyancy in non-oil sector, and accelerated growth in oil production from October to December 2018, the UAE gross domestic product (GDP)...

World Government Summit 2019: Track National Progress Beyond GDP

A new report compiled by Boston Global Consulting Group (BCG), titled ‘Towards A Broader View of National Performance’, prepared in collaboration with the 2019...

High GDP per Capita Makes Dubai Prime Properties Very Attractive

With GDP per capita of US$40,698, cost of residential real estate in Dubai’s premier locations are extremely competitive compared to global city hubs; cost...

GCC GDP on Growth Path despite Oil Price Decline

Regional economies have been on an accelerated growth trajectory for the period 2011-14, which has been mainly fueled by record oil prices with the...

UAE economy projected to grow by 2.3% in 2016; Inflation set...

The Ministry of Finance (MoF) has reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the...

IMF revises GCC countries’ GDP growth forecast to 1.8%

The International Monetary Fund revised once again its projection about the economic growth in the GCC countries. The latest estimate for 2016 has been...

Non-tax revenues can generate at least 10% of GDP in UAE

Given the volatility and unpredictability of oil prices, the primary economic strategy for all GCC countries is to diversify government income and reduce dependency...

GCC Emerging, Frontier Markets Haven in Focus

“Once you start thinking about growth… …it is hard to think about anything else.” So declared economics Nobel laureate Robert Lucas, and his point...

Manufacturing Sector contributes 13% to Dubai’s GDP

Dubai’s Direct Exports valued at AED68 billion in 2010 Owing to increased government support and funding, the UAE’s manufacturing sector was among the largest non-oil...

GCC to provide Oman and Bahrain with $20 Billion Aid

The Ministerial Council of the Gulf Cooperation Council for the Arab Gulf States decided at its 118th session to set up the Gulf Development...

GCC Investment Strategy in 2011

Rising oil prices will drive regional GDP and budget surpluses Banking and petrochemical sectors to direct GCC profitability growth Qatar and UAE set to provide...