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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
Bahrain's FDI stocks relative to GDP stood at 99.7 percent as of the end of 2023
Türkiye recorded the highest growth at 2.4 percent in Q1 of 2024 followed by India at 1.9 percent
This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion
The broader MENA region is expected to grow 2.8 percent in 2024 and accelerate to 4.2 percent in 2025
One in four developing economies is expected to remain poorer than it was on the eve of the pandemic in 2019
The report highlighted the ongoing structural and financial reforms in the country
Dollar accounts for over 60 percent of global central bank reserves, making it the world’s most widely held currency
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
The country is heading towards more balanced and sustainable growth this year, says Finance Minister
The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022
Oil production remains crucial in shaping the GCC region's fiscal and external balances
Brent oil futures for July delivery held steady at $83.61 per barrel
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Projections suggest that the number of job opportunities will increase to 833,000 in 2024
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
In 2023, the UAE's economy grew by 3.6 percent, in line with the bank's forecasts
China accounted for three-quarters of the total investments in this field, according to the report
ECI covered 3.1 percent of UAE’s non-oil exports of $120 billion in 2023
The revision reflects the emirate's improved credit metrics driven by stronger medium-term growth forecasts
Qatar's medium-term outlook is more favorable with the IMF expecting growth to reach close to 4.5 percent
