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The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)

September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.

After averaging nearly $120 in the first quarter of this year, Brent crude oil has slipped as low as $95 a barrel this month “ the lowest level since January 2011

June 18th, 2012 - 09:33 GMT

Sliding oil price rebalances Middle East economy

The harshest of the US and European measures don't formally kick in until the end of the month, yet crude oil exports have already fallen to 1.5 million barrels per day

June 14th, 2012 - 12:24 GMT

The curse of oil sanctions costs Iran

Al Bawaba

June 14th, 2012 - 08:19 GMT

Blast in Damascus, regime forces accused of crimes against humanity

Government spending in the UAE, the second largest Arab economy, surged over 19 percent

June 11th, 2012 - 03:00 GMT

UAE's public finances back in the black

Multibillion-dollar spending plans for social housing, infrastructure or tourism were supported by a resurgent oil price, with Brent averaging $107 a barrel last year, according to calculations by Reuters

June 7th, 2012 - 02:00 GMT

Additional oil output, lower oil price, different break-even points

Deputy leader of Al Qaeda al Libi

June 6th, 2012 - 09:44 GMT

'The Libyan' AQ's # 2 wiped off US terror map: what about 1,3,4,5?

Some wished death upon former president Mubarak, but instead he got a life sentence

June 2nd, 2012 - 11:22 GMT

Mubarak gets life, not death: live reactions from Egypt

Shares of the No 1 social network fell 10 percent to an all-time low of $28.65, before closing at $28.84, or down 9.6 percent

May 30th, 2012 - 12:19 GMT

Facebook 'shares' online slip by 9.6%

Do Arabs have first crack at the newest of the elite smartphones, the Samsung Galaxy III ?

May 29th, 2012 - 07:21 GMT

The Smartest Smart Phone Ever? Samsung Thinks So

Al Bawaba

May 24th, 2012 - 12:32 GMT

Dubai Grand Mufti exempts UAE Olympic team from fasting

Fat Cats

May 23rd, 2012 - 07:48 GMT

Fat cats go without: tycoons on hunger strike in Dubai jail

The gas projects will be used as feedstock for the petrochemicals industry

May 22nd, 2012 - 03:11 GMT

Iraq sets sights first in gas, then petrochemical sector