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: October 22, 2014
UAE. 47% of Middle Eastern respondents indicated that they are considering a proactive shareholder engagement policy which can open and sustain a productive dialogue with investors.
date:Posted: October 22, 2014
UAE. HSBC global expat survey highlights job prospects, better salaries, higher personal security as primary factors attracting expats to the country.
date:Posted: October 22, 2014
UAE. The total number of IPOs in Q3 2014 was lower than the previous quarter where we saw seven offerings. However, the total value in Q3 2014 was US$ 1.6 billion, which is a 78% increase in total value compared to Q2 2014.
dhgate