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The upgrade is backed by better governance and stronger institutions, enhancing domestic capital markets' depth
Explore how regional macroeconomic indicators affect currency pairs involving GCC currencies like the AED and SAR
Trump added that he would reduce corporate tax from 21 percent to 15 percent
Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million
Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day
The contributions of non-oil activities to real GDP reached 86.4 percent in Q3 2024
Among GCC countries, Kuwait recorded the highest annual inflation rate in September at 2.8 percent
2024 global oil demand to rise by 1.61 million barrels per day, down from 1.82 million barrels per day last month
Despite the group's efforts in limiting supply, Brent crude has mostly stayed in a $70-$80 per barrel range this year
Brent crude futures for January delivery increased by 15 cents, or 0.2 percent, reaching $73.45 a barrel
As of 05:02 GMT, Brent crude futures rose by 29 cents, or 0.4 percent, reaching $71.33 a barrel
The International Energy Agency expects global oil supply to exceed demand in 2025 even if OPEC+ output cuts remain in place
