The biggest gain in consumer spending in a year probably helped the U.S. economy keep expanding in the first quarter even as fuel costs climbed, economists said before a report this week.
Gross domestic product, the value of all goods and services the nation produced, rose at a 2.5 percent annual rate after advancing 3 percent in the previous three months, according to the median forecast of 72 economists surveyed by Bloomberg News before the Commerce Department’s April 27 release. Consumer purchases that account for about 70 percent of the economy climbed by the most since the end of 2010, the survey showed.
NADEC launches 3 new premium juices
As part of its ongoing commitment to deliver the highest quality, nutritious food and drink products across the Kingdom and the rest of the GCC, NADEC has launched 3 delicious and healthy new juices
Dubai property prices show signs of cooling
DUBAI: Dubai’s booming property market is showing signs that it may be cooling off, industry data showed, after two years of soaring prices that had drawn warnings of possible overheating from the In
NCB to start IPO this month
JEDDAH: Saudi Arabia’s National Commercial Bank will begin its much-anticipated initial share sale later this month, a statement to the Kingdom’s stock market said.
The initial public offeri
Bahrain Steel secures credit facilities
MANAMA – Bahrain Steel (previously known as Gulf Industrial Investment Company/GIIC) has successfully closed the syndication of its $340,000,000 senior secured term and revolving credit facilities. T