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FINANCIAL NEWS
IIF estimates UAE’s growth at 3.6% this year
14 May 2013
(MENAFN) The Institute of International Finance (IIF) revised down its economic growth outlook for the UAE to 3.6 percent for 2013, from a previous forecast of 4.8 percent, reported Gulf News.
In 2013, the IIF also predicted that the whole GCC economic growth will stand at 3.8 percent from the 5.8 percent it predicted in 2012.
It also expected that the GCC will retain financial balance in 2013, and the external balance will decrease due to lower crude prices.
Meanwhile, the GCC’s non-hydrocarbon real gross domestic product (GDP) is projected to be near 5 percent.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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