Tag: GDP
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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.
UAE’s AED 92.4 Billion Federal Budget Reflects Fiscal Strength as Non-Oil Trade Tops $1 Trillion
The UAE's 2026 federal budget stands at AED 92.4 billion — up 29 per cent from 2025 — as non-oil GDP grew 6.8 per cent and total non-oil foreign trade crossed $1 trillion for the first time in the country's history.
Saudi Arabia’s Vision 2030 Enters Final Phase With $1.31 Trillion Economy and 123 Million Tourists
Saudi Arabia has launched the third and final phase of Vision 2030 with its GDP exceeding $1.31 trillion and non-oil activities accounting for 55 per cent of the economy, while tourism has surpassed its original 100 million visitor target three years ahead of schedule.
UAE Non-Oil Trade Crosses $1 Trillion for First Time as GDP Grows 6.2%
The United Arab Emirates closed 2025 with its strongest economic performance in more than a decade, posting a 6.2 per cent real GDP growth...
