Reuters | Al Bawaba

Reuters latest

The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)

September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.

OPEC Gulf Arab producers Saudi Arabia, Kuwait and the UAE, however, have so far shown no sign of concern about falling prices

October 10th, 2011 - 02:41 GMT

Oil price below $90 unacceptable

Al Bawaba

October 10th, 2011 - 12:27 GMT

In brief

Egypt forecasts a budget deficit of 8.6 percent of gross domestic product in the financial year to June 2012

October 9th, 2011 - 02:42 GMT

Qatar gives Egypt $500m to help with budget

Iran, which holds the rotating OPEC presidency, usually pumps as much as its creaking oil sector will allow but opposes OPEC production increases because of their potential to reduce per barrel sales revenues

October 3rd, 2011 - 03:19 GMT

Iran, Saudi Arabia see balanced oil market

Cyprus has begun exploratory drilling for oil and gas in the eastern Mediterranean Sea – risking escalating tensions with Turkey

October 1st, 2011 - 01:53 GMT

The oil issue in the Middle East

Robert Ford

September 29th, 2011 - 12:13 GMT

Syria: U.S. envoy attacked

Demand for power in the kingdom is growing 8 percent annually, but it rose more than 12 percent this summer. Picture courtesy of cpshouston.com

September 22nd, 2011 - 07:29 GMT

Saudi signs 4-GW gas power plant deal

Most forecasts of global GDP growth next year are between 3.5-4.0 percent, suggesting modest growth in oil consumption

September 21st, 2011 - 07:09 GMT

Oil downside risk rises as outlook for global economy, fuel demand dims

Yemen violence

September 20th, 2011 - 06:37 GMT

More deaths in Yemen clashes

Abu Dhabi’s GDP, which makes up 57 percent of the UAE economy, is still below the 705.2 billion dirhams seen in the oil and property-boom year of 2008

September 19th, 2011 - 12:29 GMT

Oil revival lifts Abu Dhabi’s 2010 nominal GDP 16 percent

Egyptian firms could not afford to wait to pursue such opportunities, people in Egypt should start from yesterday, because they will be in a severe competition with Asians and Gulf states

September 18th, 2011 - 10:14 GMT

Egyptian firms eye Libya but politics may be hurdle

Ahmed Ezz

September 15th, 2011 - 02:20 GMT

Egypt: Former steel tycoon sentenced to 10 years in prison