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GCC-based countries are drawing down their foreign exchange reserves to protect their dollar pegs and tapping global debt markets for record amounts, along with corporates.
Read MoreM.R Raghu, said that although the GCC construction market continued to remain buoyant, with projects worth $17.5bn announced in February 2020 alone, the supply of materials was bound to face constraints.
Read MoreThe IMF predicted last week that coronavirus would likely cause the greatest global recession in nearly a century...
Read MoreThe Middle East is facing a long and “ugly” recession as the coronavirus pandemic stifles economic activity, experts said.
Read MoreThe evolution of Kuwait's capital markets has illustrated the country's economic transformation of the past 10 years.
Read MoreEconomic optimism across the six countries of the Gulf Co-operation Council (GCC) is in short supply going into the second quarter of 2020.
Read MoreOrganizers of Expo 2020, a multi-billion-dollar world trade fair originally scheduled to open in Dubai in October, on Monday recommended a one-year postponement due to the coronavirus pandemic.
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