GDP growth in the GCC is projected at 3.5 per cent in 2025. Interest rate cuts, together with further investment and structural reform initiatives, will mean non-oil growth of over 3.4 per cent in the ...

Oil prices in the Middle East have experienced a significant decline, with the cost of Oman crude on the Gulf Mercantile Exchange falling below ... Notably, the United Arab Emirates will receive a 300 ...

The blow to growth from a trade war is likely to hurt the price of oil – the mainstay of the region’s economy.

Most stock markets in the Gulf ended higher on Thursday, helped by a cooler-than-expected U.S. inflation print, although ...

Stock markets in the Gulf ended mixed on Wednesday ... hit by a 3.3% fall in ACWA Power Co and a 2.5% decrease in Saudi Arabian Mining Company. Elsewhere, oil giant Saudi Aramco was down 0.4%. Fitch ...

Most stock markets in the Gulf ended lower on Monday as U.S. import tariffs sparked concerns over global economic growth, ...

Saudi Arabia's benchmark index dropped 0.6%, hit by a 2.1% fall in ACWA Power Company and a 2.2% decrease in Saudi Arabian ...

Saudi Arabia's benchmark index dropped 0.6%, hit by a 2.1% fall in ACWA Power Company and a 2.2% decrease in Saudi Arabian Mining Company. Elsewhere, oil giant ... Federal Reserve's interest rate ...

Matein Khalid There is no economic reason why OPEC+ chose to add barrels to the global oil market at a time when bearish psychology and positioning dominates trading as attested by the plunge in ...

On Sunday, he gave more details in a post on Truth Social of the reserve ... Arab oil embargo throttled the U.S. economy. Presidents have tapped the stockpile to calm oil markets during war or when ...

DUBAI, United Arab Emirates (AP) — Saudi Arabian oil giant Aramco reports a $106.25 billion profit in 2024, down 12% from prior year on lower energy prices.