RIYADH: Member states of the Gulf Cooperation Council witnessed an improvement in their banking sector, as the total bank deposits increased by 3.3 per cent in the first half of 2021, compared to the end of 2020, Arab News reported. The GCC countries’ total bank deposits reached $1.6 trillion, according to a report released by the GCC … Read more
RIYADH: Gulf Cooperation Council countries’ economies are expected to have grown by a cumulative 3.1 per cent in 2021, reversing a 5.2 per cent decline last year, Arab News quoted a recent report by the GCC Statistical Centre. The predicted expansion in output is attributed to higher oil output, particularly in the fourth quarter. The elimination of … Read more
Consumer prices in the Gulf Cooperation Council states are projected to have risen 2.1 per cent in 2021, compared with 1.2 per cent in 2020, Arab News quoted a report by the GCC Statistical Centre revealed. Looking forward, inflation rate forecasts for 2022 and 2023 are predicted at 1.8 per cent and 2.6 per cent, … Read more
