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FINANCIAL NEWS
Economies of oil exporters in MENA, GCC to slow in 2013
22 May 2013
(MENAFN) The International Monetary Fund (IMF) estimated that the GCC and other oil exporters from the Middle East and Africa will go through a slow economic growth in 2013, reported Gulf News.
The mentioned regions and countries accomplished a solid growth of 5.7 percent during 2012.
The GCC, Middle East, and Africa oil exporters are expected to face economic growth decline to 3.2 percent in this year, according to Masood Ahmad, director of the IMF’s Middle East Department.
This decline will occur due to the slow economic growth around the world, as the IMF expects.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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