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Business news and financial news, analysis, opinion and statistics covering the six Gulf Co-operation Council members Bahrain, KuwaitOman, Qatar, Saudi Arabia and the UAE

GCC economic outlook

GCC economic data

GCC economic data

The latest economic indicators for the Gulf Co-operation Council countries: the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain – plus links to in-depth pages on each country

April 29, 2025
Riyadh roads, Saudi Arabia economy

Saudi Arabia economy

The latest economic indicators and demographic trends for Saudi Arabia, including GDP, inflation, oil prices, trade, population, expats, unemployment and more

November 20, 2024
Abu Dhabi skyline UAE economy

United Arab Emirates economy

The latest economic indicators and demographic trends for the United Arab Emirates, including the UAE's GDP, inflation, oil prices, trade, population, expats, unemployment and more

November 20, 2024
Muscat skyline, Oman economy

Oman economy

The latest economic and demographic indicators for Oman, including GDP, inflation, oil prices, trade, population, unemployment and more

November 20, 2024
Qatar economy Doha skyline

Qatar economy

The latest economic and demographic indicators for Qatar, including GDP, inflation, oil prices, trade, population, unemployment and more

November 20, 2024

Latest GCC News

While lower oil prices may squeeze some Mena producers, Gulf nations are expected to maintain long-term investment plans

Gulf oil investment ‘can weather price slump’

International oil prices may have fallen to their lowest in four years but that is unlikely to disrupt the exploration and production investment plans of Gulf national oil producers, energy analysts have said. But Middle East and North Africa producers outside the GCC may not be so lucky. Crude oil fell below $60 a barrel […]

Mature Male Stock Market Broker Looking At Multiple Computer Screen In Office

Dollar slump impacts foreign Gulf stock investors

The dollar’s descent to multi-year lows against other major currencies presents a dilemma for foreign investors in Gulf stocks. Regional currencies are pegged to the US currency, aside from the Kuwaiti dinar which tracks a basket of currencies that is heavily dollar weighted. So, a lower dollar makes buying Gulf stocks cheaper for investors from […]

Regional investors may favour investments such as utilities and telecom companies with domestic operations

Market volatility adds allure to utilities and telecoms

In a month of wild market swings, Gulf equity investors have felt panic, trepidation, bewilderment and more. With further volatility probable, experts say a prudent strategy is to focus on defensive sectors less exposed to the global economy. Gulf bourses tumbled in early April, along with the US dollar and oil prices, after President Donald […]

IMF director Kristalina Georgieva had 'a lot of praise to offer' to the GCC states

IMF praises GCC economic diversification efforts

Senior International Monetary Fund officials commended Gulf states this week for their efforts to expand sources of economic growth and fiscal revenue beyond oil. They also urged more intra-GCC trade, as global commerce is roiled by steep and volatile US tariffs. “I have a lot of praise to offer because they have been pursuing reforms […]

Boeing's factory in Kansas. Chinese customers are declining aircraft deliveries due to the ongoing trade conflict with the US

China’s Boeing boycott opens doors for Gulf carriers

China’s escalating trade standoff with the US is reverberating through the global aviation industry, offering opportunities for Gulf airlines, as Chinese carriers refuse to accept US-built Boeing aircraft. Speaking on a first quarter earnings call on Wednesday, Boeing CEO Kelly Ortberg confirmed that several Chinese customers have declined to accept new aircraft due to retaliatory […]

Amirah al-Turkistani, a graphic design lecturer at Jeddah International College, shops with her children and husband at a supermarket in Jeddah, Saudi Arabia, February 3, 2018. REUTERS/Reem Baeshen SEARCH "BAESHEN WOMEN" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.

What a plunging dollar means to Gulf imports and inflation

The dollar’s slump to multiyear lows against many major currencies risks raising import costs in the dollar-pegged Gulf economies, fuelling inflation and pressuring business profitability, analysts say. From mid-January, the dollar is down 11 percent against each of the euro (to its lowest in more than three years), the Japanese yen (its lowest since late 2023), […]

Shams Solar Power Station in the UAE. Both the UAE and Saudi Araba are aiming to increase electricity exports as their share of renewable energy grows

UAE and Saudi Arabia target India and EU electricity exports

Saudi Arabia and the UAE are advancing plans to increase their electricity exports, taking advantage of spare generating capacity after surging investment in solar and wind power and seasonal fluctuation in demand. “The UAE, with around 50 percent spare capacity generation, is among the best-positioned countries to become an exporter of electricity,” Adnan Al Hosani, […]

GCC officials are expected to push for better access to advanced US semiconductors and AI tech during Donald Trump's visit to the Gulf

Donald Trump will visit Gulf nations in May

US President Donald Trump will visit Saudi Arabia, Qatar and the United Arab Emirates from May 13 to 16, the White House has confirmed. The highly anticipated visit to the Gulf region will mark Trump’s second foreign trip of his second term, as he will first travel to Rome this week for Pope Francis’ funeral. […]

Saudi Arabia and the UAE are leading a Gulf push to transform their electricity grids into 'smart' networks

Foreign companies cash in as Gulf turns to smart power grids

Saudi Arabia and the UAE are among the Gulf states investing billions to make their electricity grids “smart” using artificial intelligence – and increase their share of generation from solar and wind power. That share is expected to almost double in the Middle East and North Africa over the next five years. It will rise […]

State-owned Gulf businesses have been raising debt but issues face high borrowing costs

Gulf issuers plan debt sales, undeterred by market turmoil

Gulf issuers, including Saudi Arabia’s $925 billion sovereign wealth fund, are working on a round of bond offerings, according to sources, braving debt markets despite recent turmoil ignited by US President Donald Trump’s tariff policies. Markets have been volatile since Trump announced sweeping tariffs on April 2, even after he rolled most of them back, as investors struggle to […]

Trucks carrying containers at Jordan's port of Aqaba: the country is likely to be one of the worst hit by Donald Trump's tariffs

Trump tariffs threaten $22bn in Arab exports says UN

Bahrain and Jordan are the countries likely to be most affected by tariffs planned by President Donald Trump on non-oil exports by the Arab world to the US worth nearly $22 billion, a United Nations body has warned. Despite a sharp fall in the region’s sales of oil to the US over the past decade, […]

Dubai's growing population is aiding the growth of the emirate's banking, real estate and telecom sectors

Population burst bolsters Dubai’s listed companies

Listed companies in Dubai were on average the most profitable last year among the Gulf exchanges as the emirate’s banking, real estate and telecom sectors benefited from its expanding population. Net profit at Dubai’s listed companies totalled $25.4 billion, up 16 percent compared with the year before, according to a report by Kuwaiti asset manager […]

Saudi Arabia's finance minister Mohammed Aljadaan at a GCC meeting in 2024. Saudi Arabia accounted for 60 percent of the total value of bonds and sukuk issued by the GCC

Value of GCC bonds down in first quarter

The value of bonds issued by the six-nation Gulf Cooperation Council (GCC) slumped by 7 percent in the first quarter of 2025 following a steep fall in Saudi Arabia, according to a Kuwaiti think-tank. The total value of bonds and Islamic sukuk issued by Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman was $51.5 […]

Men withdraw cash from an ATM outside Qatar National Bank. Qatar's banks have the highest amount of non-resident deposits in the GCC

GCC banks unlikely to escape US tariff impact

US President Donald Trump’s imposition of additional import tariffs will trouble GCC banks, despite the bloc’s meagre non-oil exports to the United States, according to analysts. Trump’s tariff strategy, targeted principally at China but worldwide in scope, has roiled global equity markets, sent the dollar tumbling and exacerbated oil price declines. As such, “the indirect […]