GDP

Oil prices fall amid dollar strength; U.S. inventory build spurs demand fears

Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel

Saudi real estate sector contributes 5.9 percent to GDP, hits $169.5 billion in transactions

The sector recorded more than 280,000 transactions since the beginning of 2024

GCC’s 2024 growth forecast lowered to 2.2 percent on extended oil output cuts

ICAEW has also lowered its 2024 inflation forecast for the GCC region to 2.2 percent this year and 2.1 percent next year

Bahrain attracts record FDI inflows of $6.8 billion in 2023, with UAE as third biggest contributor

Bahrain's FDI stocks relative to GDP stood at 99.7 percent as of the end of 2023

Saudi Arabia’s GDP growth of 1.4 percent higher than G20 average in Q1 2024: Report

Türkiye recorded the highest growth at 2.4 percent in Q1 of 2024 followed by India at 1.9 percent

Egypt reports $17.23 billion primary budget surplus, reaching 5.87 percent of GDP from July 2023 to May 2024

This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion

UAE’s real GDP to grow by 3.9 percent in 2024, 4.1 percent in 2025: Report

The broader MENA region is expected to grow 2.8 percent in 2024 and accelerate to 4.2 percent in 2025

Global economy to stabilize for first time in three years, grow at 2.6 percent in 2024: World Bank

One in four developing economies is expected to remain poorer than it was on the eve of the pandemic in 2019

What’s behind the U.S. dollar’s dominance, and what can end it?

Dollar accounts for over 60 percent of global central bank reserves, making it the world’s most widely held currency

Arab economies projected to grow by 3.3 percent in 2024 as inflation declines: Report

The inflation rate in its 22 member states is expected to decline to 3.3 percent this year, compared to 9.3 percent in 2023

Türkiye’s robust domestic demand drives 5.7 percent Q1 2024 growth

The country is heading towards more balanced and sustainable growth this year, says Finance Minister