The pace of GDP growth in the GCC region is expected to more than halve to 2.8 per cent this year from 7.5 per cent in 2022 amid prevailing global challenges, according to a new report released on Wednesday.
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.
Fourteen years after a financial crisis nearly brought Dubai to its knees, several major abandoned real estate projects finally are showing signs of life as part of a new economic boom in the city-state.
Fourteen years after a financial crisis nearly brought Dubai to its knees, several major abandoned real estate projects are finally showing signs of life as part of a new economic boom in the city-state.
DUBAI, United Arab Emirates (AP) Fourteen years after a financial crisis nearly brought Dubai to its knees, several major abandoned real estate projects are finally showing signs of life as part of .