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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

June 6, 2025
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

June 4, 2025
Muscat skyline, Oman economy

Oman economy

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

June 6, 2025
Qatar economy Doha skyline

Qatar economy

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

June 6, 2025

Latest GCC News

Firefighters at a damaged building in the aftermath of Israeli strikes, in Tehran, Iran

Dubai shares slide nearly 2% on Israel and Iran tensions

Dubai’s benchmark stock index fell sharply on Friday, as heightened geopolitical tensions in the Middle East triggered a sell-off in heavyweight property shares. The DFM General Index dropped 1.87 percent after Israel launched strikes on Iranian military targets.  Israel said it had hit nuclear and missile sites as well as targeting senior commanders, calling it […]

Construction, Oilfield, Outdoors

Oil jumps over 7% amid rising Middle East tensions

Oil prices jumped more than 7 percent on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Brent crude futures rose $5.29, or 7.63 percent, to $74.65 a barrel by 01:42 GMT after hitting an intraday high of $75.32, […]

Gulf telcos, Gulf telecoms

Analysts opt for small Gulf telcos despite profits at majors

The Gulf’s major former telecom monopolies reported steady first-quarter profit growth and have proved a safe haven for equity investors during market volatility this year. However, it is their smaller domestic rivals that analysts prefer. Saudi Telecom Co (STC), the UAE’s e& (formerly and more commonly known as Etisalat), Qatar’s Ooredoo and Kuwait’s Zain are […]

Ameca, a humanoid robot and member of the Museum of the Future staff interacts with the museum’s deputy executive director, Majed Al Mansoori in Dubai,

Humanoid robots: coming soon to a workplace near you

Nursing, tourism and leisure, even performing arts, and anything dull, dangerous and dirty: the technology world is increasingly bullish on what humanoid robots can do. Humanoid robots are already greeting visitors at Dubai’s Museum of the Future and patrolling the emirate’s beaches, handing out fines and monitoring the use of scooters and bicycles. Jensen Huang, […]

A Qatari LNG carrier in the Suez Canal. Shell says that by 2030, 60% of its extra LNG capacity will come from Qatar and the US

Gulf projects feature in Shell’s LNG capacity plans

European energy major Shell, the world’s largest trader of liquefied natural gas (LNG), will add millions of tonnes of additional capacity by 2030 from projects under construction, a top executive has said. There is “up to 12 million tonnes of additional capacity that we’re adding between now and the end of the decade,” Cederic Cremers, […]

A Boeing 777 on the production line. Boeing's May orders underscore strong demand from the Middle East

Trump’s Gulf deals help Boeing deliver a blockbuster May

Boeing heads into the Paris Air Show after a blockbuster May that included booking 303 new orders and rolling out 38 new 737 MAX jets, a production rate it has been working to reach for more than a year. The company also delivered 45 aircraft last month, it said Tuesday. It was the sixth-highest monthly order tally […]

'There has never been a better time to invest in fixed income' such as Gulf GRE debt says one analyst

Why government-related debt is worth a punt

Debt sales by government-related entities (GRE) in the Gulf, such as Saudi Electricity Co and Abu Dhabi’s Mubadala Investment Co, offer better investor value than their sovereigns, experts say. Gulf foreign currency sales of conventional and sukuk (sharia-compliant bonds) rose 9 percent to $72.4 billion in the five months to May 31, compared with the […]

President Donald Trump hopes his 'One big, beautiful bill' will pass by early July, but section 899 could pose problems for Gulf investments in America

GCC braces for effects of Trump’s ‘Big, beautiful bill’

A proposal under consideration in the US Congress to impose new levies on sovereign wealth funds and other foreign investors is unlikely to harm GCC-based entities directly, experts have told AGBI. It could, however, have enough of a knock-on effect on the global attractiveness of US assets to convince large Gulf players to reassess their […]

2ANN0R0 Woman shopping with smartphone paying with her credit card As buy-now-pay-later adoption outpaces credit cards, traditional banks are under pressure to adapt or risk losing a generation of borrowers

Gulf banks fight back to beat buy-now-pay-later advantage

Gulf banks are moving aggressively to claw back billions of dollars in market share from buy-now-pay-later fintechs, turning to new payments infrastructure to reassert control at checkout, according to industry executives. Visa is working with lenders in the UAE and Saudi Arabia to expand its “Installment Solutions” platform, which allows credit cardholders to split payments […]

People talk inside Dubai Financial Market. New entrant banks are hoping to get a slice of the Gulf's IPO action

Banks slash IPO fees in Gulf scramble for market share

Investment banks in the Gulf are cutting or even waiving fees to secure roles in regional initial public offerings (IPOs).  As activity cools elsewhere, companies in the world’s largest oil producing region are selling shares to fund expansion. With IPO activity slowing in the US, Europe and China, legal and financial advisors say the Gulf, […]

GCC debt issuance fell sharply in the first five months of the year but observers say this is because activity in 2024 was unusually high

GCC debt issuance plunges but enthusiasm remains

New debt issuance in the GCC fell by more than a fifth in the first five months of the year, led by a decline in Saudi sovereign sales, London Stock Exchange Group (LSEG) data shows. Corporate sales of both conventional bonds and sharia-compliant bonds known as sukuk took up some of the slack. In total, […]

A marketplace next to Qatar Central Bank. Qatar's Q1 performance was 'markedly more subdued than Saudi Arabia and the UAE in terms of loan growth' according to an expert

GCC banks impress with earnings in first quarter

Major banks in the six-country Gulf Cooperation Council (GCC) generated more than $13 billion in net profit in the first quarter of 2025. This was up by nearly one-tenth compared to a year earlier as increased lending and low loan defaults boosted the banks’ bottom lines. AGBI analysed the earnings of 21 banks across the […]

Manama skyline Bahrain economy

Bahrain economy

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

Kuwait City skyline Kuwait economy

Kuwait economy

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

Gulf aviation politics, Donald Trump, Gulf Boeing orders, GCC Boeing orders

Gulf aviation and politics intersect at 30,000 feet

As headlines swirled around Qatar’s reported gifting of a private jet to President Donald Trump, the real political theatre last month unfolded in the skies above the Gulf.  Within days of each other, regional carriers Etihad Airways and Qatar Airways revealed a combined 238-jet order from Boeing, the troubled US manufacturer, highlighting how aviation serves […]

A man walks in front of the QNB Alahli Bank, in Cairo, Egypt. Only about 10 percent of Qatar’s 3.1 million people are nationals, with expatriates commonly remitting much of their income interest rates

Qatar and UAE banks vulnerable to interest rate cuts

Many Gulf banks reported bumper first-quarter profits thanks to increased lending. But Qatari and Emirati lenders are the most vulnerable to expected interest rate cuts. Kuwaiti dinar aside, the five other Gulf currencies are pegged to the dollar, so their countries’ benchmark interest rates mirror those of the United States. The rapid rise in US rates […]

Governor of Oklahoma Kevin Stitt speaks during CPAC Texas 2022 conference at Hilton Anatole in Dallas on August 5, 2022. (Photo by Lev Radin/Sipa USA)No Use Germany. FDI

Gulf FDI into US states goes well beyond usual suspects

Among the flashiest deals announced during US President Donald Trump’s visit to the Gulf in mid-May was Emirates Global Aluminium’s $4 billion investment pledge to build the first new smelter in the US in 45 years in Oklahoma. The tentative agreement, EGA said in a press release, is subject to the parties finalising “state and […]