image description
image description
Tell A Friend

FinancialNews


  • 06-02-17

    Saudi Arabia's economic growth to enhance by 1.8pct

    (MENAFN) The GCC economies are predicted to recover this year, except Oman and Bahrain, from a slowdown in 2016 amid public sector spending cuts and tightening liquidity.

    Additionally, Saudi Arabia's economic growth is projected to accelerate to 1.8 percent this year from 1.3 percent in 2016.

    Moreover, the UAE growth will pick up this year to hit 2.5 percent, up from 2.3 percent in 2016 due to its diversified from oil than its neighboring GCC nations.

    On the other hand, Kuwait's economy had more than doubled from 2015 to 2016 going from 1.1 percent to 2.4 percent, while this year it will grow for more than 2.6 percent.

    MENAFN0602201700450000ID1095238640

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved