• Friday 23 October 2026
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IMF forecasts for the economies of Arab countries for the year 2023

News /

The International Monetary Fund has slightly lowered its global growth forecast for 2023 as the pace of interest rate hikes slows, but warned that severe financial system disruptions could drive output to near-stagnation levels. The fund stated in its latest report on global economic prospects that the risks of spreading infection in the banking system

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Turkey imports 2.52 million tonnes of pellets in 2022, and Oman leads the Arab countries

News /

In December of last year, Turkey’s import volume of billet slabs decreased by 2.0% compared to November 2022 to reach 266,540 tonnes, up 23.2% year on year, according to data from the Turkish Statistical Institute (TUIK). The total value of these imports amounted to $154.4 million, down by 1.8% monthly and up by 3.0% annually.

Turkey imports 2.52 million tonnes of pellets in 2022, and Oman leads the Arab countries Read More »

$186.8 billion is the contribution of “building and construction” to the Arab economies

News /

The Arab Monetary Fund revealed that the construction sector in the Arab countries has recovered from the effects of the “Covid-19” pandemic, and the sector’s contribution to the GDP for the year 2021 amounted to about $186.8 billion, compared to $178.3 billion in 2020, with a growth of 4.7%. The Fund added, in a report,

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The rise in the GDP of the Arab countries in 2022, with Saudi Arabia in the lead

News /

The gross domestic product (GDP) at the current prices of the Arab countries is likely to rise by 21% this year to reach about $3.4 trillion, “representing 3.35% of the global economy,” compared to $2.81 trillion in 2021 “representing 2.92% of the global economy.” According to the monitoring unit of the reports in the “Al

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Prices of Rebar in Kuwait

News /

The Ministry of Trade and Industry in the State of Kuwait announced the prices of building materials, as follows: Domestic Rebar Size Origin Unit Kuwaiti Dinar 8 mm Kuwait Ton 265 10 mm Kuwait Ton 265 12 mm Kuwait Ton 265 14 mm Kuwait Ton 265 16 mm Kuwait Ton 265 Imported  Rebar Size Origin

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The IMF expects the return of economic growth in the Gulf in 2021

News /

The International Monetary Fund has revised its forecast of real GDP cuts in 2020 for all Gulf countries except Saudi Arabia, warning that the economic outlook is worsening for many emerging markets amid the Coronavirus crisis. In its latest report on the global economic outlook, yesterday, the Fund revised its previous forecast for Saudi Arabia,

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Kuwait Steel

Members /

Kuwait Steel Kuwait United Steel Industrial Company (Kuwait Steel) is a private Kuwaiti Closed Shareholding Industrial and Commercial Company that was established in the year 1996 through Kuwaiti investors. In the four years that followed Kwtsteel in collaboration with Voest Alpine of Austria erected the first fully-automated Rolling Mill in Kuwait. This Rolling Mill, which

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Arab Iron and Steel Union: The necessity of strengthening cooperation to confront foreign products

AISU, conferences, News /

The Chairman of the Board of Directors of the Arab Iron and Steel Union, Awwad Al-Khalidi, called on Arab governments to provide more support “to protect this strategic industry.” In a speech during the 14th Arab Steel Summit hosted by Tunisia, Al-Khalidi stressed the need to strengthen Arab cooperation in the field of iron and

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The conclusion of the 14th Arab Steel Summit

AISU, conferences, News /

Today, the annual conference of the Arab Iron and Steel Union (the 14th Arab Steel Summit) was concluded in Tunis. 250 participants from Arab and foreign steel companies, including rebar producers, flat and steel pipe producers, technology equipment suppliers, consultants, analysts, and major investors, participated in this conference. In addition to the presence of some

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Summary of the first report The Economic Committee of the Arab Iron and Steel Union

AISU, News, Public Reports, Reports /

The Middle East and North Africa region is expected to witness modest growth rates, averaging between 1.5% and 3.5% during the period from 2019 to 2021, compared to 1.6% in 2018. Over the past years, the countries of the region have witnessed large inflation rates as a result of economic reforms, reducing government subsidies on

Summary of the first report The Economic Committee of the Arab Iron and Steel Union Read More »

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