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FINANCIAL NEWS
UAE non-oil sector growth up 4 percent
24 Jul 2016
(MENAFN) The Intl’ Monetary Fund (IMF) forecasted the UAE’s non-oil growth to increase more than 4 percent on improvement in economic sentiment and fiscal conditions.
Meanwhile, economic activity is predicted to moderate further this year, before improving over the medium term, while non-oil growth may slow to 2.4 percent.
However, non-oil economic activity has slowed to 3.7 percent last year, driven by a contraction of public investment in the context of financial consolidation.
On the other hand, the fiscal balance turned to a deficit of 2.1 percent of GDP, whereas the recent accounts surplus declined to 3.3 percent of GDP.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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