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GCC Economy to Grow 4.4% in 2026: Oxford Economics Forecasts Credit Boom and Non-Oil Expansion Across All Six States
Oxford Economics forecasts GCC real GDP growth of 4.4% in 2026, driven by strong domestic demand, non-oil sector expansion across all six states, and elevated credit growth supported by interest rate cuts — with the region's combined economy worth over USD 2.1 trillion.
UAE Central Bank: Economy Set for 5.6% Growth in 2026 as Banking Assets Surpass AED 5.47 Trillion
The UAE Central Bank projects 5.6% GDP growth for 2026, with banking sector assets exceeding AED 5.472 trillion, credit rising to AED 2.63 trillion, and non-oil foreign trade hitting AED 2,530 billion in the first nine months of 2025 — while Moody's and S&P maintain top-tier credit ratings.
Doha Named GCC Tourism Capital 2026: Qatar Records 1.13 Million Visitors in Q1 as Hospitality Sector Booms
Doha has been named the GCC Tourism Capital for 2026, with Qatar recording 1.13 million international visitors in Q1 2026 and 5.1 million in 2025, as the city leverages Art Basel, the World Cup and a diversified events calendar to drive economic growth beyond oil.
UK-GCC Free Trade Agreement Signed: First G7 Nation Seals Gulf Deal Worth £3.7 Billion a Year
The UK and GCC signed a landmark Free Trade Agreement on June 8, 2026 — the first trade deal between the Gulf bloc and any G7 nation — eliminating 93% of GCC tariffs on British goods and unlocking £3.7 billion in annual trade gains, with total bilateral trade of £53 billion set to grow 20%.
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