Home About Kuna Advertise Contact Us Kuna's Bureaus Services Term Of Use
Register Login
facebook Twitter Youtube rss
USD stable against Kuwaiti dinar at KD 0.292      KUNA will be publishing its year-end report regarding major local events in 2014, on Tuesday      Company broadcasting Asian Cup refuses to sell rights -- official      Amiri Diwan mourns spouse of His Highness Sheikh Jaber Al-Mubarak
  Economics
Muslim economies'' growth rates down to 4.9 pct - report
05/07/2012   |   10:00 PM | World News
تصغير الخطالشكل الأساسيتكبير الخط
JEDDAH, July 5 (KUNA) -- The growth rates of Muslim economies have dropped from 5.7 percent in 2010 to 4.9 percent in 2011, a specialized economic report showed on Thursday.
The report of the Islamic Development Bank (IBD) said these economies have been gravely impacted by the struggling global economy, eurozone debt crisis and the political upheavals in the Middle East and North Africa region.
It, however, unveiled that the current account surpluses for the IDB members have jumped from 4 percent of the country's GDP in 2010 to 5.6 percent of the GDP in 2011.
Data also showed foreign debt of member states have eroded from 32 percent of the GDP to only 29.5 percent of the GDP in the corresponding time.
The report added that the global economic recovery still facing major challenges, noting that the global growth rates have plummeted from 5.3 percent in 2010 to roughly 4 percent in 2011.
The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah December 1973.
The purpose of the bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shariah.
There are 56 shareholding member states. On the basis of paid-up capital, major shareholders include: Saudi Arabia, Libya, Iran, Egypt, Kuwait, Turkey, Qatar, UAE and Nigeria.(end) yms.ibi KUNA 052200 Jul 12NNNN
 Print
  Email
 Save
Share
Share
Honoring Kuwait 2014


KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

kuna magazien


Most Read Most Emailed  
1.   Italian PM does not rule out military intervention in Libya
2.   Kuwait Energy announces new oil discovery in Egypt
3.   Kuwait crude oil price down to USD 53.77 pb
4.   Air ambulance initiative in Kuwait to save lives -- official
5.   Kuwait crude oil price down to USD 56.70 pb
6.   Min. Mohammad Al-Abdullah lauds flourishing Kuwait-Egypt ties
    Photo Gallery

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

European aircraft maker Airbus

OPEC

The Kuwait Stock Exchange (KSE)

Rapporteur of Kuwait Billiard and Snooker Committee Mohammad Al-Suleiman

Equestrian Al-Azemi wins endurance horse race

Assistant Undersecretary of the Ministry of Interior for Learning and Education Major General Sheikh Faisal Nawaf Al-Ahmad Al-Sabah

Kuwait News Agency (KUNA) Board Chairman and Director General Sheikh Mubarak Al-Duaij Al-Ibrahim Al-Sabah with Chairman and Editor-in-Chief of Egypt's Middle East News Agency (MENA) Alaa Haider

Haila Al-Makimi

His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

Dr. Adeeba Al-Harban

the photo-sharing application "Instagram"

Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah

Kuwait's Minister of Education and Higher Education Bader Al-Essa

UN Secretary General Ban Ki-moon

EU High Representative Federica Mogherini

European Parliament President Martin Schulz

Head of the Red Crescents Societies of the Gulf Coopertion council (GCC) Issa al-Ishaq distributing relief aid to Syrian refugees in Lebanon

Head of the Red Crescents Societies of the Gulf Coopertion council (GCC) Issa al-Ishaq

OPEC

First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah

Minister of Commerce and Industry Dr. Abdulmohsen Al-Madaj

His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah attends Crown Prince Football Cup final
Publications

WEATHER
PRAYER
CURRENCIES
KUWAIT AIRPORT
    Calendar
About KUNA KUNA SERVICES USEFUL LINKS KUNA ARCHIVE KUNA PUBLICATIONS
Home
About Kuna
Advertise
Contact Us
Kuna's Bureaus
Services
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA training center
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Job Application
Careers
Arab News Agencies
International News Agencies
Governmental Institutes
Banks in Kuwait
News Paper
Local Companies
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Events
Training Sessions
Videos
All KUNA right are reserved © 2012. This site is designed and published by IDS