Gulf markets retreat as recession worries weigh
Stock markets in the Gulf ended lower on Thursday as mounting evidence of a U.S. economic slowdown fuelled worries about a possible global recession.
Source: reuters.com
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Economic growth in GCC to more than halve in 2023 - World Bank
The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2% in its latest update released on Thursday, from 3.7% forecast in October.
Source: reuters.com
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Major Gulf markets retreat in early trade
Major stock markets in the Gulf were subdued in early trade on Wednesday, as signs of a slowing U.S. labour market made investors nervous about the economic outlook.
Source: reuters.com
Most Gulf markets decline as economic worries persist
Most stock markets in the Gulf ended lower on Wednesday in line with global shares as signs that the economic outlook is weakening spurred caution.
Source: reuters.com
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Column: Middle East starts cleaning up its power act with renewable push: Maguire
The Middle East has by far the lowest share of clean power in its electricity mix of all regions, but is starting to change that through hefty increases in renewable energy generation capacity.
Source: reuters.com