While regional geopolitical risks remain significant, the GCC economies appear well-positioned to maintain stability, supported by prudent fiscal management and ongoing economic diversification efforts
budget surplus
Latest in budget surplus
Budget
Saudi Arabia reports $40bn budget surplus in 2022
Saudi Arabia records a 55% increase in oil revenues compared to last year
budget surplus
UAE economic recovery on “firm footing” despite Omicron concerns, fallout of Russia-Ukraine conflict
Despite a modest setback at the turn of the year, the UAE GDP is forecast to grow by 6.2 percent in 2022, and 6.7 percent in 2023, backed by expansionary government policy and the surging oil sector
budget surplus
Saudi Arabia won’t go on spending spree if oil income rises
Main budget forecast sees a surplus of $24bn, the first in eight years
budget surplus
Saudi Arabia sees 2022 budget surplus, first in eight years
Revenue next year is set to reach more than SAR1 trillion, up from SAR903bn in a forecast published in September, according to a Finance Ministry statement
budget surplus
Saudi budget sees first quarterly surplus since 2019 on high oil
Gulf nation’s surplus during the third quarter was about $1.8bn, trimming the year-to-date deficit to $1.4bn
bond market
Qatar may sit out Gulf debt binge as oil prices boost finances
Acting finance minister and the Minister of Commerce and Industry tells Qatar Economic Forum country will wait for ‘the right time to go ahead’ with the introduction of VAT
budget surplus
Saudi Arabia posts surplus for first time since 2014
Oil revenues rose 48 percent from the same period in 2018