GCC
Even with the projected increase in debt, the Kingdom's government debt will likely remain lower than Aa2-A1 peers
GCC tourists injected over $4 billion into the economy last year, with Bahrain being the top source market
UAE remained Saudi Arabia’s largest non-oil trading partner within the GCC region
GCC fixed income markets saw $75.5 billion in primary issuances during this period
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
With this expansion, the total number of countries eligible for the E-visa has increased to 66
Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market
This reflects a significant increase of $1.69 billion compared to 2022
OPEC maintains 2.25 mn bpd demand growth forecast
FDI brings the region opportunities for global integration
UAE and Saudi Arabia are emerging as key global players
GCC, home to countries with high applications per capita, to benefit
GCC countries will have an average of $660 bn of gross external debt
Opportunities and challenges on the path to net zero in the UAE, GCC and MENA
What you need to know about Unified Schengen-Style GCC Visa and its economic influence on the region
Streamlined travel, enhanced tourism
In 2022, region outperformed global travel industry’s recovery by 43 percent
Launch of an electronic system to link traffic violations
UAE and Saudi emerge as key players
e& and stc acquired substantial stakes in leading companies
With focus on Islamic banking services
The World Bank anticipates the region’s GDP to triple by 2050
