The data showed that non-oil activities contributed 77.9 per cent to the GCC’s nominal GDP by the end of the fourth quarter of 2024
gcc economy
Latest in gcc economy
GCC
GCC government spending to pass $542bn this year
GCC countries expected to spend over $542bn on revenues of $487bn this year
Donald Trump
Analysis: Will Gulf economies feel the heat from Trump’s tariffs?
Regional analysts predict limited direct effects but warn of broader economic fallout if global slowdown hits oil demand
GCC economic outlook
GCC economy set for 4% growth in 2025 amid global uncertainty: ICAEW
The Middle East GDP is also forecast to see a growth of 3.3% this year
economic opportunities
Gulf-Asia corridor: The $578bn economic powerhouse reshaping global investment flows
HSBC top brass and regional leaders share exclusive insights with Arabian Business on the sidelines of the HSBC MENAT Future Forum
economic diversification
Non-oil sector to drive resilience of GCC economies in 2025, report finds
Despite a projected slowdown in global growth to 3.1% from 3.2%, the GCC is expected to outperform, driven by resilient non-oil sector growth and strategic investments
bilateral cooperation
2025: A year of transformative growth for the GCC
This year the region isn’t just growing, it’s redefining its place on the world stage
GCC economic growth
GCC economic growth to double in 2025 as oil cuts unwind, report finds
The forecast comes as high-frequency indicators show continued economic resilience across the region
FII
Gulf region is world’s ‘most ambitious economic reform story,’ says Templeton executive at FII 2024
Despite regional geopolitical tensions, investment risks in Gulf markets remain well-contained, with key markets maintaining stability, says Bassel Khatoun
gcc economy
GCC economy to grow 4.4% in 2025: report
GCC economic growth will more than double next year according to an Oxford Economics report
GCC
Strong non-oil growth helps GCC economies thrive as region seeks AI boom and investment in Egypt
GCC countries display strong non-oil growth amid looming uncertainties
GCC economic outlook
GCC non-energy growth remains resilient despite oil output cuts: Report
The report by Oxford Economics, however, has revised down its growth forecast for the GCC region to 2.2% from 2.7% three months ago
GCC
UK-GCC trade is an invaluable force for good
With at least £19 billion already invested in each other’s economies and total trade topping £61.5 billion, we are building on a very strong foundation
GCC economic growth
Competition for FDI will frame the GCC trade and investment landscape in 2024
The GCC always has the power to surprise, confound and intrigue, and expect 2024 to be no different
GCC businesses
GCC 2024: 5 reasons to start a business in the New Year
Choosing to start a business out here is not just a strategic move – it’s a decision to embrace a dynamic and forward-thinking business environment
GCC
India and GCC meet to discuss $154bn trade
India and the GCC working towards early settlement of $154bn free-trade deal
GCC economic growth
The good, the bad, and the strange
Global growth is stronger than expected, but there is a price attached to it: more monetary tightening in the West. As top-down factors are clearly in the driving seat, most asset classes took note… with nuances.