Economy Middle East

GDP

Bahrain’s non-oil sectors propels GDP growth in Q3 2023
Bahrain

Bahrain’s non-oil sectors propels GDP growth in Q3 2023

Finance and manufacturing sectors take the lead

CBUAE raises its GDP growth forecast to 5.7 percent for 2024
Economy

CBUAE raises its GDP growth forecast to 5.7 percent for 2024

Increase compared to its previous forecast of 4.3 percent

Iraq’s economic growth to decline in 2023, 2024 due to oil production cuts: IMF
Economy

Iraq’s economic growth to decline in 2023, 2024 due to oil production cuts: IMF

IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion

S&P: Saudi Arabia’s economic growth to rebound to 2.7 percent in 2024
Economy

S&P: Saudi Arabia’s economic growth to rebound to 2.7 percent in 2024

Saudi Arabia's records A rating with a stable outlook

Moody’s affirms Lebanon’s C rating, changes outlook to stable
Economy

Moody’s affirms Lebanon’s C rating, changes outlook to stable

Rating highlights a negative real GDP growth of 2.6 percent in 2022

UAE plans to boost GDP to $41.71 bn by 2031
Economy

UAE plans to boost GDP to $41.71 bn by 2031

By concluding economic agreements with 27 nations

Unveiling the potential of Saudi’s $400 mn space market
Saudi Arabia

Unveiling the potential of Saudi’s $400 mn space market

Projected $738 bn global market by 2030

Egypt defies credit downgrade, touts resilience
Economy

Egypt defies credit downgrade, touts resilience

Finance minister highlights economic strengths amidst external pressures

Saudi’s health sector contribution to GDP to surge to SAR318 bn by 2030
Health

Saudi’s health sector contribution to GDP to surge to SAR318 bn by 2030

SAR330 bn projected investment opportunities by 2030

Saudi raises tourism target to 150 mn visitors by 2030
Hospitality & Tourism

Saudi raises tourism target to 150 mn visitors by 2030

Kingdom anticipates 100 mn tourists in 2023 to boost GDP growth

UAE set for strong economic growth in Q4 2023
Economy

UAE set for strong economic growth in Q4 2023

Population increase, government investments, as well as tourism and trade drive optimistic projections