GCC states on track to record higher growth rates in 2025 and 2026, driven by higher revenues from oil and gas trade as the private sector performs better as tighter monetary policy pressures weigh on business ease.
Capital Economics expects the UAE to maintain its position as the fastest-growing economy in the region this year and next. Qatar will become one of the fastest-growing economies worldwide in 2026, thanks to the start of gas production from the North Field.
According to the Capital report, the OPEC+ alliance's decision to keep oil production low until October makes the increase in the region's GDP take longer than expected.
Source (Al-Arab Newspaper of London, Edited)
