Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy, Video

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Trade balance of key Arab countries in 2020

By TRENDS Desk
November 14, 2021 10:22 pm
  • One of the best ways to judge the strength of a country's economy is to look at its trade balance, or the difference between exports and imports
  • If exports surpass imports, the trade balance is surplus. If imports surpass exports, the trade balance is deficit

Following a year of economic distress, GCC economies are expected to return to an aggregate growth of 2.2 percent in 2021, according to the recent the World Bank Gulf Economic Update (GEU).

The “COVID-19 Pandemic and the Road to Diversification” report also highlighted that the Arab countries, in general, are on the recovery mode.

This growth is buoyed by the global economic recovery, projected at 5.6 percent and the revival of global oil demand and international oil prices.

One of the best ways to judge the strength of a country’s economy is to look at its trade balance, or the difference between exports and imports. If exports surpass imports, the trade balance is surplus. If imports surpass exports, the trade balance is deficit.

This week’s TRENDS Explainer Video focuses on top Arab economies in terms of trade balance in the year 2020.

 

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]