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: June 18, 2018
UAE. 24% of Middle Eastern entrepreneurs are motivated by social impact and view it as their top priority as a business owner; 66% are undertaking angel investing.
date:Posted: June 16, 2018
UAE. MENA region recorded 93 deals amounting to US$15.4b in Q1 2018; UAE records highest announced Q1 deal value in the region at US$5.1b; Oil & gas deal value reached US$7.2b in Q1 2018; Almost 80% of MENA boards focused on portfolio transformation.
date:Posted: June 14, 2018
UAE. McAfee report sounds industry alarm: Don't start the blockchain revolution without making security a top priority.
dhgate