GDP
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
The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession
The agency expects non-oil growth of 4.3 percent in 2024
Egypt targets 3.5 percent primary surplus, 80 percent debt-to-GDP by 2027
Abu Dhabi's non-oil activity will remain dynamic, growing 5 percent this year after a 9.1 percent expansion in 2023
Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel
The sector recorded more than 280,000 transactions since the beginning of 2024
ICAEW has also lowered its 2024 inflation forecast for the GCC region to 2.2 percent this year and 2.1 percent next year
