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WB lifts growth forecast for Middle East region in 2025

Gulf Today

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October 12, 2025

The World Bank (WB) has lifted its growth outlook for the region encompassing the Middle East, North Africa, Afghanistan and Pakistan for 2025, though it has trimmed its forecast for next year, citing global economic challenges and political instability, Reuters reported.

The Washington-based lender said it now expected regional GDP growth across Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) economies to average 2.8 per cent this year, up from 2.6 per cent forecast in its April growth outlook, driven by Gulf states seeing a boost in economic activity following a faster-than-anticipated phasing out of oil production

MEER VERHALEN VAN Gulf Today

Gulf Today

Gulf Today

Deal to drive innovation in trade facilitation

LONDON: Abu Dhabi Customs and the UK-based Competere Group, a leading consultancy in economic policy and trade law, have signed a cooperation agreement to promote innovation in trade facilitation and enhance global competitiveness.

time to read

1 min

October 12, 2025

Gulf Today

Turkey's global reserves hit record high of $186.2 billion

The Turkish Central Bank's official international reserves reached a new all-time high of $186.2 billion as of October 3, according to official figures.

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1 min

October 12, 2025

Gulf Today

Sharjah children's film fest celebrates Korean culture

The Sharjah International Film Festival for Children and Youth (SIFF) celebrated South Korea on Friday as the Guest of Honour for its 12th edition.

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2 mins

October 12, 2025

Gulf Today

PepsiCo beats Q3 estimates on steady demand

PepsiCo topped Wall Street expectations for third-quarter revenue and profit, helped by steady demand for its snacks and sodas in key international markets and strength in its healthier drinks category in the United States.

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1 min

October 12, 2025

Gulf Today

Man told to pay Dhs39.7m to brother, sister-in-law

The Dubai Civil Court has ordered a Gulf national to pay Dhs39.7 million to his brother and his sister-in-law.

time to read

2 mins

October 12, 2025

Gulf Today

China issues bounty for Taiwan officers for 'separatism'

Chinese police on Saturday offered rewards of $1,400 for information about 18 people it said were Taiwanese military psychological operations officers spreading \"separatist\" messages, a day after Taiwan pledged to boost its defences.

time to read

1 mins

October 12, 2025

Gulf Today

Gulf Today

Spinners keep India in command after Gill's ton against West Indies

Ravindra Jadeja and Kuldeep Yadav took four wickets collectively as India strengthened their position in the second Test by reducing West Indies to 140/4 in 43 overs, trailing by 378 runs at the Arun Jaitley Stadium.

time to read

3 mins

October 12, 2025

Gulf Today

Gulf Today

World FZO Congress highlights role of digitisation, sustainability

The World Free Zones Organization's (World FZO) 11th annual World Congress continued on Saturday in Haikou, China, focusing on digitisation and sustainability as drivers of the next generation of free zones.

time to read

3 mins

October 12, 2025

Gulf Today

Gulf Today

Al Jazira jiu-jitsu club take lead on Day 2

The eighth and final round of the second edition of the Khaled Bin Mohamed Bin Zayed Jiu-Jitsu Championship continued on Saturday at Mubadala Arena in Zayed Sports City, Abu Dhabi.

time to read

2 mins

October 12, 2025

Gulf Today

SIH celebrates contribution of Emirati women

The Sharjah Institute for Heritage (SIH) - Dibba Al Hisn branch continues to host the \"Naqshat Al Noon\" activities at the Heritage Village in Al Hisn, celebrating the contributions of Emirati women in preserving traditional crafts and passing them down through generations.

time to read

1 min

October 12, 2025

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