#GDP

Saudi unemployment falls in fourth quarter as virus slows

Unemployment among Saudi nationals hit a record high of 15.4 per cent last year

Saudi firms will cut dividends to fund $1.3 trillion investments

The new plan comes after the coronavirus pandemic and oil market turmoil created a double crisis for Saudi Arabia

Saudi economy grew 2.8% in fourth quarter as Covid impact eased

Saudi Arabia was hit hard last year as a drop in crude prices decimated government revenue while measures to stop the spread of the coronavirus limited economic activity

Outlook 2021: UAE’s economic recovery in 2021

The economic consequences of the Covid-19 pandemic have been severe for all countries around the world

World Bank sees 5.2% contraction in MENA, in line with IMF

The dual shock of lower Brent prices and the coronavirus pandemic this year has taken an especially heavy toll on the region

Oman to tap investors to plug budget deficit

Besides signing a bridge loan for OMR770m and issuing OMR550m in development bonds this year, Oman has also been tapping its reserves and privatising some assets

Sheikh Mohammed Digital Economy

Sheikh Mohammed says digital economy is next priority for UAE

The digital economy’s contribution to the UAE’s local GDP in 2019 reached 4.3 per cent

Saudi Arabia starts $4bn tourism development fund

The country expects the tourism industry to contribute more than 10 per cent of its annual GDP and create more than 1 million jobs by 2030

Oman Growing, But Diversification Is Vital

The county is estimated to post a GDP growth rate of six per cent in 2012, according to a study by Kuwait Finance House.