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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
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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: March 3, 2015
INTERNATIONAL. Unexpected developments can catch the herd wrong-footed and spark major movements when the masses scatter at the same time. When that occurs, those who resisted the herd may find themselves rewarded. We believe that we are approaching such a point.
date:Posted: March 3, 2015
QATAR. QNB Group report examines recent developments and the outlook for the Qatari economy as it continues its strong growth based on large investment spending.
date:Posted: March 3, 2015
INTERNATIONAL. This isn't about Netanyahu and Obama, and both know it. It is about the reconfiguration of a region the US cannot subdue and cannot leave. It is the essence of great power strategy: creating a balance of power in which the balancers are trapped into playing a role they don't want.
INTERNATIONAL. This isn't about Netanyahu and Obama, and both know it. It is about the reconfiguration of a region the US cannot subdue and cannot leave. It is the essence of great power strategy: creating a balance of power in which the balancers are trapped into playing a role they don't want.
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