FINANCIAL NEWS

GCC countries to see economic growth

07 Oct 2013

(MENAFN) Rapid-Growth Markets (RGMs) Forecast expects the GCC to register fast economic growth in the medium term, according to Arab News.

Growth in Qatar is expected to be the highest across GCC countires at 6 percent, Saudi Arabia at 4.3 percent. The UAE is expected to register 3.9 percent growth.

“In the key Middle Eastern RGMs, a young population is helping to foster entrepreneurship and the growth of the nonoil sector is buoyant, protecting these economies from slower global oil demand,” said Bassam Hage, MENA Markets Leader, EY.

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