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FINANCIAL NEWS
Economies of UAE, Saudi on growth track
15 Apr 2014
(MENAFN) Purchasing managers index (PMI) data show that the economies of Saudi Arabia and the UAE are on a growth pattern, Khaleej Times reported.
A report by Credit Agricole Private Banking said: “As the UAE and Saudi Arabia sign off the last quarter on a growth trajectory, it is interesting to note that the Arab nations of the Middle East are heading towards being two-speed economies again””
The report also noted that the economic growth in non-oil countries such as Egypt and Lebanon would be less encouraging than that of oil producing nations.
The International Monetary Fund had forecasted the UAE 2014 GDP growth would hit 4.4 percent.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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