The GDP is on track to register 3.2 per cent in 2023, down from 7.9 per cent in 2022 with the non-oil sector growing by 3.9 per cent compared to 6.6 per cent in 2022.
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RIYADH: The combined gross domestic product of countries in the Gulf Cooperation Council could exceed $13 trillion by 2050 if the region properly implements green growth economic strategies, a top World Bank official said. Issam Abu Suleiman, regional director of the GCC at the World Bank, noted that the combined GDP of the GCC countries will be $6 trillion if they continue to
RIYADH: Gulf countries will see double the global level of economic growth this year – with Saudi Arabia and the UAE leading the way, according to Issam Abu Suleiman, regional director for the Gulf Cooperation Council at the World Bank. Abu Suleiman stated that the World Bank expects global economies to grow by 1.7 percent in 2023, while Gulf countries are forecast to surge