The outlook for the GCC economies looks positive, despite oil prices being half the level they were in 2013 and 2014. That’s according to officials at the World Bank, who believe the main challenge for the future is fiscal adjustment and recommend that current spending be reduced. They also predict that the rate and pace of economic growth is likely to be slower going forward. Nadir Mohammed, Director of the GCC Countries for the World Bank told ARN why he believes economic prospects are very good for the region.
UAE, Argentina launch CEPA negotiations
Meraas awards AED 1 billion contract for Nad Al Sheba Gardens expansion
Meta launches AI gadget Charm as race for post-smartphone hardware heats up
UAE Central Bank sanctions Bank Melli Iran over compliance breaches
India-New Zealand free trade pact to come into force on October 20
