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Reversal of oil cuts to double GCC growth in 2025: ReportThe Middle East’s economic growth is expected to see a significant acceleration to 3.7% in 2025, largely driven by the reversal of oil production cuts by Opec+, following a projected 2.1% growth in 2024, a report says. Painting a More… |
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Dubai Chamber explores opportunities to drive economic growthDubai Chamber of Commerce’s second quarterly roundtable meeting of Business Groups and Councils for 2024 created a valuable platform to highlight prospects for economic growth and explore the promising opportunities. & More… |
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Moderate growth seen in Bahrain, Oman, QatarEconomic growth in Bahrain, Oman, and Qatar is forecast to proceed at a moderate pace on average in 2024 and 2025 on decent projected growth in non-oil activity, says a report Oman also stands to benefit More… |
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World Bank raises UAE real GDP growth forecast to 3.9%The World Bank has raised its forecast for the UAE's real gross domestic product (GDP) growth to 3.9% in 2024, compared to its previous forecast in January of 3.7%, a report said. In an economic update published on April 15 on the l More… |
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Saudi CEOS show unprecedented optimism for economic growthCEOs in Saudi Arabia have shown unprecedented optimism on the economic growth prospects of the kingdom in the next 12 months, beating global, regional and its GCC counterparts even as Saudi GDP is forecast to reach $1.3 trillion by 2028. More… |
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89pc Saudi CEOs show ‘unseen optimism for economic growth’CEOs in Saudi Arabia have shown unprecedented optimism on the economic growth prospects of the kingdom in the next 12 months, beating global, regional and its GCC counterparts even as Saudi GDP is forecast to reach $1.3 trillion by 2028. More… |
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Oil sector to remain a drag on Saudi growth in 2024Oil sector is likely to remain a drag on Saudi Arabia's GDP growth in 2024, while non-oil sector is expected to see a growth of 4%, supported by both consumption and investment, says a report. Private consu More… |
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Increasing demand drives UAE’s insurance sector: CBUAEThe insurance sector in the UAE witnessed growth and expansion across various key indicators during 2022, according to a report by the Central Bank of the UAE, reflecting a strong, dynamic, and active market driven by increasing demand and effec More… |
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Dubai's tourism surge 'is reflection of strong economy'Dubai's tourism sector is predicted to reach levels not seen since 2019 by next year and a key driver behind the emirates' success as a tourist and business destination is the UAE’s strong economic performance, says a report.&nbs More… |
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Dubai's tourism surge 'is reflection of strong economy'Dubai's tourism sector is predicted to reach levels not seen since 2019 by next year and a key driver behind the emirates' success as a tourist and business destination is the UAE’s strong economic performance, says a report.&nbs More… |
