The report comprised of 250 business leaders from across the UAE and Saudi Arabia
GCC economic outlook
GCC
GCC Economic and Development Affairs Authority Committee meets in Riyadh on Monday
The current meeting is seen as a step toward achieving the GCC customs union and common market milestones to achieve GCC economic unity
Economic activity
UAE to outpace Saudi Arabia as fastest growing economy in Gulf in 2023: IMF
The projections come as the global economy faces inflationary turbulence
GCC economic growth
HSBC economists forecast 5 percent growth for GCC economy
In its Economist Roadshow in Kuwait City, the bank says Kuwait’s GDP will grow 7.2 percent for 2022, but dip to 2.6 percent next year
ESG strategy
GCC regional trade and investment outlook for 2022
ESG is expected to become the major driver of FDI throughout the Middle East in the coming years
Fitch Ratings
Most Gulf sovereigns benefitting from oil price, reforms, says Fitch
Ratings agency says gradual return of global trade and tourism is brightening the economic prospects for much of the region
Abraham Accords
Benefits of a competitive GCC in the post-oil era
The sooner each GCC country defines their specialised positions, the sooner they will be able to seize the opportunities of the new post-oil era
crude oil price
Oil prices steady enough for Gulf countries to focus on diversification, say experts
While governments press on with recovery and diversification, analysts warn that oil prices aren’t out of the woods yet
GCC economic outlook
Regional business activity to be ‘subdued’ during Ramadan, predicts leading economist
Scott Livermore, ICAEW economic advisor and chief economist at Oxford Economics, expects growth to accelerate over summer months
GCC economic growth
Relative economic normalcy to return to Middle East in second half of 2021
The region’s economic growth will accelerate following the rollout of coronavirus vaccines, Oxford Economics report indicates
GCC banking sector
Covid pandemic to have ‘long-lasting’ impact on Gulf banking sector, says S&P
Rating agency says GCC banking ops will remain constrained after setting aside $10.9bn in credit loss provisions
Future Market Insights
How the pandemic recovery might look in the Middle East in 2021
The sentiment that perhaps best describes the new normal across the Middle East is tempered optimism, says Sudip Saha
economic diversification
Gulf reform plans ‘accelerating’ as economies seek post-Covid boost
Experts say the global pandemic is fuelling a new urgency in economic diversification in the Middle East
GCC economic growth
GCC economic recovery ‘to take several quarters’, says S&P
Ratings agency says rebound from twin shocks of the coronavirus pandemic and the drop in oil prices will take time
GCC economic growth
PwC’s chief economist forecasts 3% growth in the Gulf in 2021
Richard Boxshall shares five themes characterising GCC economies in the year ahead