GCC were forecast to slightly buck the trend, improving to 2.1% growth from 2% in 2018
Iran economy
Latest in Iran economy
GCC economic growth
IMF lifts Saudi economic growth forecast for 2018, 2019
International Monetary Fund says Saudi economy, which contracted by 0.9% last year, is expected to grow by 2.2% in 2018 and 2.4% next year
Hassan Rouhani
In pictures: First phase of US sanctions against Iran
The first round of sanctions takes effect overnight, targeting Iran’s access to US banknotes and key industries including cars and carpets. The second phase, which takes effect November 5 and will block Iran’s oil sales, is due to cause more damage, though several countries including China, India and Turkey have indicated they are not willing to entirely cut their Iranian energy purchases.
Hassan Rouhani
US re-imposes first wave of tough, unilateral sanctions against Iran
The first of two rounds of US sanctions kicked in this morning, targeting Iran’s access to US banknotes and key industries, including cars and carpets