Tue, 21-Oct-2025

Gulf economies see 3.1% growth in 2021 on higher oil production

Gulf economies

RIYADH: Gulf Cooperation Council countries’ economies are expected to have grown by a cumulative 3.1 per cent in 2021, reversing a 5.2 per cent decline last year, Arab News quoted a recent report by the GCC Statistical Centre. The predicted expansion in output is attributed to higher oil output, particularly in the fourth quarter. The elimination of … Read more

Fed policy tightening not all bad for Gulf economies

airport

RIYADH: The impending end of the super-loose monetary policy from the Federal Reserve will have both positive and negative effects on the economies of the Arabian Gulf, Arab News quoted Alia Moubayed, a managing director at investment bank Jefferies International, as saying. A likely strengthening of the dollar, to which the Gulf currencies are pegged, … Read more