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GDP growth in the Middle East and North Africa region will slow to 3.1% in 2023, from 5.3% a year ago, International Monetary Fund (IMF) Middle East and Central Asia department director Jihad Azour said on Thursday.
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Major stock markets in the Gulf fell in early trade on Thursday, as oil prices fell, with the Qatari bourse on course to post its first weekly loss in four weeks.
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Most stock markets in the Gulf ended higher on Wednesday ahead of U.S. inflation data that showed price pressures still simmering, likely ensuring that the Federal Reserve will raise interest rates again next month.
Gulf stock markets rose in early trade on Wednesday ahead of a crucial U.S. inflation report that would likely influence how soon the Federal Reserve would end its aggressive interest rate hikes.
Most major stock markets in the Gulf rose in early trade on Tuesday, in line with Asian shares and oil prices, although the Saudi index was on course to extend losses on profit-taking.