Gulf Times - economic-growth
Oil hits highest levels since 2015 amid tightening markets

Oil hits highest levels since 2015 amid tightening markets

Brent futures, the international benchmark for oil prices, hit $62.44 per barrel early on Monday, their highest level since July 2015.

Population policy will have 'positive impact on demographics'

Population policy will have 'positive impact on demographics'

HE al-Nuaimi said all the ministries, institutions and entities are doing their best to co-ordinate with the Permanent Population Committees' technical office to achieve a balance between the population growth and the requirements of sustainable development.

Oil slide weighs heavily on MENA growth forecast: IMF

Oil slide weighs heavily on MENA growth forecast: IMF

Iran's growth is forecast to slide to 3.5% this year down from a strong 12.5% in 2016. Iraq's economy, which experienced healthy 11% growth in 2016, is expected to fall into negative territory and shrink by 0.4% this year.

India's first quarter economic growth slips to 5.7%

India's first quarter economic growth slips to 5.7%

The figures released by the Central Statistics Office were lower than the 6.1% recorded in the previous quarter, and less than forecast by many analysts in one of the world's fastest growing economies.

India's annual growth slows to 7.1% after note ban

India's annual growth slows to 7.1% after note ban

India's growth slowed to 7.1% last year, according to official data released on Wednesday, weaker than analysts expected but still the fastest rate of growth of any major economy.

Oil output cuts to slow Mideast economic growth: IMF

Oil output cuts to slow Mideast economic growth: IMF

Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at propping up energy prices, the International Monetary Fund said on Tuesday.

Qatar economic growth to pick up in 2017, says QIF

Qatar economic growth to pick up in 2017, says QIF

The recovery in oil price and a strong expansion in non-hydrocarbons should help Qatar effectively manage the future interest rate hikes, helping the country's economic growth to pick up this year, according to a QIF report.

India braces for growth chill after Modi's cash crackdown

India braces for growth chill after Modi's cash crackdown

India on Friday predicted robust economic growth in the fiscal year that ends in March, but without fully accounting for the disruption caused by Prime Minister Narendra Modi's decision to abolish high-value old currency bills.

India expects 7% growth in first half of 2017-18

India expects 7% growth in first half of 2017-18

India expects growth of around 7% in the first half of the next fiscal year, officials said, painting a rosier picture for the economy than many economists after Prime Minister Narendra Modi's shock move to abolish large banknotes.

Saudi Arabia projects $53bn deficit in 2017

Saudi Arabia projects $53bn deficit in 2017

Saudi Arabia on Thursday projected a 2017 budget deficit of about $53bn and a lower than expected shortfall for this year after government cost-cutting in response to lower oil prices.

Smog engulfs north China for fourth day; flights diverted

Smog engulfs north China for fourth day; flights diverted

A plane carrying the head of the world's biggest oil exporter was prevented from landing in the Chinese capital of Beijing on Tuesday because of thick smog blanketing large parts of northern China.

India's demonetisation drive drags down Nepal's economy

India's demonetisation drive drags down Nepal's economy

India's scrapping of high-value bank notes last month has dragged down economic growth in neighbouring Nepal with trade, remittances and tourist numbers all down, BMI Research said on Wednesday.