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GDP
Markets
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
Real Estate
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
Economy
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
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
Economy
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
Banking & Finance
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
Economy
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
Economy
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
Economy
Kuwait’s robust financial assets, projected at 418 percent of GDP, underpin ‘A+’ sovereign rating, stable outlook: Report
The report highlighted the ongoing structural and financial reforms in the country
Economy
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
Economy
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
Economy
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
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