Tag: Economy
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UAE Economy Targets 5% GDP Growth in 2026: 1.4 Million Companies, 250,000 New Businesses in a Single Year
The UAE's GDP growth forecast has been upgraded to 5% for 2026, as the Ministry of Economy confirms the total number of active companies has surpassed 1.4 million — a 118.7% increase since 2021 — with 250,000 new businesses registered in 2025 alone.
Oman Economy on Solid Ground: IMF Backs 3.5% Growth, Future Fund Signs Over AED 1.8 Billion in Investment Deals
The IMF confirmed a 3.5% GDP growth forecast for Oman in 2026, supported by 1.7% inflation, public debt declining to 33% of GDP, and a 7.5% current account surplus, as the Future Fund Oman signs over AED 1.8 billion in new deals across logistics, renewable energy and technology.
Saudi Arabia Q1 2026 GDP Grows 3%: Financial Services Surge 5.4% as Non-Oil Economy Leads Vision 2030 Momentum
Saudi Arabia's real GDP expanded 3% year-on-year in Q1 2026, with financial services registering the highest sector growth at 5.4% and manufacturing rising 4%, as Vision 2030's economic diversification continues to outperform expectations.
Bahrain Economy 2026: Non-Oil GDP at 85%, Fintech Hub Status and Why Global Firms Are Taking Notice
Bahrain's economy in 2026 has achieved a milestone that few Gulf states can claim: non-oil sectors now account for 85 per cent of GDP, with financial services contributing 17 per cent and a fintech ecosystem that has evolved from a regulatory sandbox into a system-building powerhouse.
Kuwait and Oman Post Steady 2.6-2.9% Growth as Smaller GCC Economies Diversify Beyond Oil
Kuwait and Oman each posted GDP growth of between 2.6 and 2.9 per cent, with both countries implementing accelerated economic diversification strategies — including Kuwait's fuel reserve expansion and Oman's utility-scale solar-plus-storage projects — to reduce dependence on hydrocarbon revenues.
