Gulf economies could rebound sharply in 2027, with the World Bank forecasting 10.3 percent growth if the Iran conflict does not escalate this year.
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Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the company's rising profits and declining government oil revenue recorded in the state budget.
Saudi Arabia’s non-oil private sector continued to expand in October, with business activity and output growth accelerating despite a decline in the Riyad Bank Purchasing Managers’ Index (PMI) to 54.0 from 55.3 in September, according to data compiled by S&P…
The UAE’s non-oil private sector continued expanding in October, with new orders picking up and businesses raising selling prices at a record pace to pass on higher operating costs.
Saudi Arabia’s budget deficit grew in the third quarter of 2026, surpassing the government’s full-year target, Finance Ministry data shows. Pressure on public finances from the US-Iran war and a seasonal rise in spending are likely to widen the gap further by…
