You are hereHome CategoriesNews
Kuwait GDP may grow 5.4% on increase in oil prices
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Wed March 21, 2012 5:40 pm

KUWAIT. Kuwait’s gross domestic product may grow as much as 5.4% for the fiscal year ended March 31, KUNA reported, citing a study by the finance ministry’s Department of Macroeconomic and Fiscal Policy.

GDP growth was spurred by higher oil prices, the state-run news agency said.

Kuwait, the fourth-largest oil producer in the Organization of Petroleum Exporting Countries, had the slowest GDP growth among members of the Gulf Cooperation Council over the past five years, according to International Monetary Fund data.

GDP expanded by an average 2.6% annually compared with 4.2% in the United Arab Emirates, 5.7% in Bahrain and 18% in Qatar, according to the IMF.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 22, 2016
INTERNATIONAL. Just 10% of insurers have strategic plans in place for the arrival of driverless vehicles; It will be up to 20 years before they become mainstream.
date:Posted: July 22, 2016
INTERNATIONAL. The botched coup was nothing but, as he put it, "a gift from God" to purge what is left of Turkey's democracy and cleanse the army and judiciary in order to ensure the total subordination of all institutions to his whims.
date:Posted: July 22, 2016
INTERNATIONAL. 90% of non-tech companies face increased competition from digital adopters; 67% plan acquisitions to upgrade their digital capabilities.
INTERNATIONAL. The botched coup was nothing but, as he put it, "a gift from God" to purge what is left of Turkey's democracy and cleanse the army and judiciary in order to ensure the total subordination of all institutions to his whims.
dhgate