Saudi Arabia’s AMAALA Triple Bay set to create 50,000 jobs, contribute $3 billion to GDP | World News

AMAALA Triple Bay opens with six resorts, yacht club, Wellness Route/Image: Red Sea Global (RSG) Saudi Arabia is set to redefine luxury, wellness, and economic impact with the opening of AMAALA Triple Bay. Developed by Red Sea Global, the ultra-luxury coastal destination on the Red Sea is projected to create 50,000 jobs and inject USD […]

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GCC GDP 2024: Real and nominal figures differ, but both show non-oil sectors make up over 70% | World News

In 2024, non-oil sectors made up 77.9% of nominal GDP and 70.6% of real GDP across the GCC/ Image: FIle The Gulf Cooperation Council (GCC) economies showed steady growth in 2024, with rising contributions from non-oil sectors offsetting a decline in oil output. Real GDP rose 3.3% in the fourth quarter, backed by strong performance […]

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Singapore downgrades GDP growth forecast to 0-2 pc | Business

Singapore has lowered its 2025 GDP growth forecast to 0-2% due to the anticipated impact of US tariffs on global trade. The Monetary Authority of Singapore has eased monetary policy in response to economic concerns stemming from the US-China trade war. The trade war is expected to negatively affect global trade, economic growth, and business […]

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