uae gdp to climb to 358 bn in 2012
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

UAE GDP to climb to $358 bn in 2012

Arab Today, arab today

Arab Today, arab today UAE GDP to climb to $358 bn in 2012

Abu Dhabi - Arabstoday

The UAE’s GDP will climb to its highest level of around $385 billion in current prices in 2012 to maintain its position as the largest Arab economy after Saudi Arabia, regional data showed on Wednesday. At that level, the UAE will account for more than a fifth of the combined GDP of the six-nation Gulf Cooperation Council (GCC), forecast at around $1.46 trillion this year, its highest ever, the Saudi-based Federation of GCC chambers of commerce and industry (FGCCI) said in a report, It showed Saudi Arabia’s GDP will reach $622 billion while it was estimated at $197 billion in Qatar, $181 billion in Kuwait, $77 billion in Oman and around $26 billion in Bahrain. “The GCC’s GDP is projected to grow by around seven per cent in current prices this year while real growth is expected at 4.6 per cent.” The report, citing the IMF and National Bank of Kuwait, expected UAE real GDP growth at 2.4 per cent in 2012, while it estimated growth at 3.8 per cent in Saudi Arabia and Kuwait, 3.4 per cent in Bahrain, 4.4 per cent in Oman and as high as 9.8 per cent in Qatar, the world’s largest LNG exporter. Turning to finance, the report said strong oil prices would allow the GCC members to record massive current account surpluses for the second year running in 2012, with that of the UAE estimated at $29 billion. The surplus was projected at around $124 billion in Saudi Arabia, $62 billion in Kuwait, $41 billion in Qatar, $eight billion in Oman and $two billion in Bahrain. The GCC’s exports of goods are expected to fall back to around $850 billion in 2012 from $930 billion in 2011 as a result of lower crude prices and output while imports are forecast to rise to $578 billion from $483 billion. The report forecast oil prices to slip to an average $110 in 2012 from $112 in 2011.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae gdp to climb to 358 bn in 2012 uae gdp to climb to 358 bn in 2012

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae gdp to climb to 358 bn in 2012 uae gdp to climb to 358 bn in 2012

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday