GDP

Bahrain’s economy grew 3.3 percent year-on-year in the first quarter of 2024, according to a quarterly economic performance report by the Ministry of Finance, citing preliminary data from the Information & eGovernment Authority. The…
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A rise in Oman’s non-oil activities boosted the country’s gross domestic product by 0.8 percent year-on-year to 10.45 billion Omani rials ($27.15 billion) in the first quarter of 2024. Preliminary data from the National Centre for…
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Saudi Arabia’s economy witnessed growth of 1.4 percent in the first quarter of 2024 – higher than that seen across the G20 as a whole, according to new data. The Organisation for Economic Co-operation and Development has released its…
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Egypt’s annual urban consumer price inflation decreased to 28.1 percent in May from 32.5 percent in April, slowing even faster than analysts had expected, data from the statistics agency CAPMAS showed on Monday. A poll of 19 analysts had…
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Saudi Arabia’s private sector non-oil growth remained steady in May, with the Kingdom’s Purchasing Managers’ Index reaching 56.4, a slight decline from 57 in April, official data showed. According to the Riyad Bank Saudi Arabia PMI…
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The Saudi economy has demonstrated resilience, marked by sustained growth in non-oil sectors and a globally low annual inflation rate of 1.6 percent, as per an official report. This was highlighted during the latest meeting of the…
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Moody’s, the global credit rating agency, has affirmed Saudi Arabia’s credit rating at ‘A1’ with positive outlook, reported the Saudi Press Agency on Saturday. The rating affirmation is based on Moody’s assessment of the government’s…
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Saudi Arabia’s non-oil private sector continued its growth momentum in April, driven by strong demand conditions across domestic markets, as indicated by an economic tracker. The Kingdom’s Purchasing Managers’ Index in April remained…
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Saudi Arabia is set to witness the development of new luxury resorts as the Tourism Development Fund signed a memorandum of understanding with Karisma Hotels and Resorts International, the Saudi Press Agency reported. The signing took…
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The World Bank has raised its expectations for Saudi Arabia’s economic growth to 5.9 percent in 2025 from 4.2 percent predicted earlier in January. In its latest report the bank, however, revised its 2024 forecast for the Kingdom’s gross…
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