Saudi Arabia, Kuwait and the UAE agreed last year to give Bahrain $10bn to support the country’s funding requirements
Bahrain has had to introduce austerity measures in recent years such as VAT and higher water and power prices
The fund has been set up as part of the Abu Dhabi government’s Dhs50bn stimulus initiative Ghadan 21
Despite an increase in new orders, hiring remained stagnant in April, finds monthly index
Revenues were boosted by both the kingdom’s oil and non-oil sectors
The non-oil sector is expanding faster than the wider economy
The pace of recovery should accelerate in 2020 and 2021 compared with this year – analyst
Saudi Arabia plans to increase state spending by 7 per cent this year
Credit growth accelerated in the first quarter at its fastest pace in more than two years
Property rental prices are falling in the kingdom as a result of job losses in the market
Recently announced stimulus policies and investments are also set to help the economy
The emirate received Dhs38.5bn ($10.5bn) in FDI capital flows last year
A delegation including the Saudi energy and investment ministers arrived in Iraq on Wednesday
Kuwait, along with Saudi Arabia and the UAE, pledged $10bn in financial aid to Bahrain last year
Fourth-quarter gross domestic product grew by 3.59 per cent from a year earlier
Trade and real estate were top performing sectors in 2018
Expenditures amounted to Dhs388.147bn, while revenues reached Dhs455.5bn
Muscat, Abu Dhabi and Riyadh featured among the top 10 cities that saw the biggest move upwards in the ranking
It attributed the increase mainly to higher oil prices
While global debt levels are higher than a decade ago, contagion risk is lower, finds report
The freezone has also received approval for an exclusion of VAT in designated zones
The UAE’s central bank said economic activity in the non-oil sector would improve further in 2019
A fiscal balance programme and $10bn in aid “marks a major step in Bahrain’s reform agenda” said the IMF
Fitch and S&P had both downgraded Oman to junk earlier
The initiatives also seek to boost public-private partnerships in the emirate
Saudi, Kuwait and the UAE put together a $2.5bn package in June to help shore up Jordan’s struggling economy
The GCC state released a plan last year to fix its debt-burdened finances after securing a $10bn Gulf aid pledge
Prices had continued to rise throughout 2018 after the introduction of VAT
Rating agencies Fitch and S&P both class Oman’s bonds as ‘junk’
Deals worth billions are anticipated to be signed during the two-day visit