A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on the economy’s recovery
Saudi Arabia’s Vision 2030 programme to transform the kingdom is a key support to the Saudi stock market
The World Bank projects the UAE’s non-oil sector is expected to achieve strong growth by the end of 2023 driven by robust domestic demand
The money comes at a sensitive time for Tunisia, which risks defaulting on its debt unless it wins a bailout from the IMF
The two-day Paris gathering aimed to overhaul the climate finance system that is targeted at countries most vulnerable to global warming
The fund expects the country’s non-hydrocarbon growth to be around 4 per cent in 2023
Global economic expansion will likely slow to 3.2 per cent this year, less than the 3.6 per cent forecast by the fund in April
The IMF signalled just days ago that higher authorities needed to be in place in Sri Lanka in order for restructuring talks to resume
The Finance Ministry expects the economy to grow 5.6 per cent in 2022, in line with IMF predictions
The growth in the oil sector’s gross domestic product is set to be at 5 per cent this year
Public revenue was OMR1.82bn at the end of March
Bahrain’s public finances have been under strain from the twin shock of the pandemic and lower oil prices
The incoming legislature will have 31 new members
The sultanate plans to transfer its 60 per cent stake in Block 6 from Petroleum Development Oman to a new company
Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies
Bahrain is on course to rack up a deficit that the International Monetary Fund projects will be at 15.7 per cent of gross domestic product
Bahrain is under fiscal strain despite a $10bn bailout package pledged by its wealthier neighbours in 2018
All member countries have started implementing the Debt Service Suspension Initiative that currently is set to only run through December
The International Monetary Fund is predicting a 6.8 per cent contraction for Saudi Arabia this year
The economy of the world’s biggest crude exporter is expected to contract 6.8 per cent overall this year
Global temperatures have risen 1.1 degrees Celsius since pre-industrial times and at current levels of greenhouse gas emissions, are set to rise by 3 degrees Celsius by the end of the century