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GCC

Business news and financial news, analysis, opinion and statistics covering the six Gulf Corporation Council members Bahrain, Kuwait,  Oman, Qatar, Saudi Arabia and the UAE

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 […]

Gulf desalination Video length: 04:57

Water scarcity: The GCC’s desalination challenge

The Gulf is one of the most water scarce regions in the world, so it has had to adopt innovative solutions for its water resources. One of the most prominent of these is desalination. While less than 1 percent of the world’s drinking water is desalinated, GCC countries depend on their desalination plants for up to […]

Dubai airport. The city hosts conferences that attract tens of thousands of business travellers, with most scheduled from October to April

Mena business travel surged before tariff storm hit

The number of business travel trips booked in the Mena region increased by more than 50 percent in the first quarter of 2025. However, the onset of a trade war and a projected slowdown in economic growth may temper performance for the foreseeable future, according to travel experts. Business travel company Tamodo said it expected […]

Fatih Birol, Executive director of the International Energy Agency (IEA), attends the plenary session of the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. REUTERS/Benoit Tessier

IEA slashes oil demand outlook as trade tensions bite

The International Energy Agency (IEA) slashed its 2025 oil demand growth forecast on Tuesday, citing rising trade tensions and a weakening global economy. The forecast widens the gap with Opec’s more upbeat outlook. The Paris-based watchdog now expects demand to grow by just 730,000 barrels per day in 2025, down from 1 million bpd previously […]

Gulf stocks Foreign investors were net sellers of more than $400 million of Saudi equities in March

Foreign investors cut Gulf stocks even before Trump-led turmoil

In the build up to the biggest global stock market rout since at least the Covid-19 pandemic this month, foreigners were net sellers of more than $400 million of Saudi Arabian equities in March. This was the first net monthly outflow of the year and the biggest since April last year, as disappointing earnings made […]

Visitors to the Cityscape Global construction fair in Saudi Arabia. Supplier competition could bring down construction costs in the medium term, despite current inflationary pressures

Global trade war prompts Gulf construction reassessment

The global trade tensions triggered by Donald Trump’s tariff hikes is sending shockwaves through the Gulf’s construction sector, leading Saudi Arabia and the UAE to rethink sourcing materials and supply chain networks. The risk of costs accelerating has risen, but over the longer term prices could temper, providing a cost opportunity for the GCC, industry […]

A container vessel operated by China's Cosco in Dubai's Jebel Ali terminal, which handles huge amounts of cargo moving from Asian to Western markets

US-China trade war brings pros and cons for the Gulf

The growing trade war between the US and China, the world’s two largest economies, presents the Gulf Arab states with a complex puzzle. International commerce may shift towards new consumer and trans-shipment markets, while a recession-driven collapse in oil prices and higher-for-longer inflation because of tariffs are further risks to the region. Sectors of the […]

US energy secretary Chris Wright met UAE President Sheikh Mohamed bin Zayed Al Nahyan and Adnoc CEO Sultan Al Jaber in Abu Dhabi

Visiting US energy minister expects more UAE investment

The US administration expects “growing” investment from the UAE in the US energy sector, its energy secretary Chris Wright said during a visit to Abu Dhabi this week. On his first overseas trip since taking office, Wright met senior officials from the UAE – the Middle East’s third-largest oil producer – including Abu Dhabi National […]