GDP
The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
Kuwait maintained crude oil production at 2.55 million barrels per day in line with its OPEC+ production cut obligations
OPEC raised its forecast for world economic growth this year to 2.9 percent from 2.8 percent
The dialogue seeks to boost bilateral trade and economic diversification initiatives
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion
Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister
Saudi’s inbound visitor spending surpasses $12 billion, travel account surplus reaches $6.39 billion
Outbound travelers from the Kingdom spent an estimated $5.59 billion
This marked the 19th contraction in the manufacturing sector over the last 20 months
In 2023, the UAE's GDP reached AED1.68 trillion, growing by 3.6 percent
