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Business news and monetary news, analysis, viewpoint and statistics covering the six Gulf Corporation Council members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE

ANSR July GCC PRs 50DR+

Economic growth throughout the Gulf Cooperation Council (GCC) is set to accelerate in 2026, with the area predicted to outshine its 2025 efficiency regardless of muted oil profits and continuous global uncertainties. According to a new Oxford Economics research study briefing, GCC GDP development is expected to rise to 4.4 percent in 2026, up from 4 per cent in 2025, showing a resilient nonenergy sector, strong customer characteristics, and slowly enhancing oil output.

But the current forecasts suggest that Gulf economies are now wellpositioned to gain back momentum, buoyed by strengthening domestic demand and a broadly steady worldwide background. The report highlights GCC customers as a significant motorist of the region's economic efficiency heading into next year. Low inflation, robust labour markets, and growing genuine non reusable earnings are anticipated to fuel a rise in customer spending throughout the Gulf.

Credit development is likewise anticipated to stay raised as access to monetary services expands. With GCC main banks anticipated to follow anticipated United States Federal Reserve rate cuts due to the area's dollar pegs, borrowing costs are likely to decrease, offering families and businesses further inspiration to invest and invest. While the nonoil sector continues to anchor the area's strength, the GCC's hydrocarbon outlook provides a combined photo.

Analysing New GCC Data for Future Insights

This could weigh on firsthalf growth, particularly for economies more depending on oil extraction. Nevertheless, Oxford Economics forecasts a rebound later in 2026, with Opec+ members expected to resume raising production as inventories tighten and international need improves. Qatar, on the other hand, stands out as a regional outperformer, with substantial growths in gas production and exports expected to lift its general economic performance.

Saudi Arabia's 2026 spending plan anticipates a 6 percent cut in capital expenditure as the kingdom intends to narrow its financial deficit by 2 percentage points. However, the report keeps in mind that these cuts may not materialise completely if countercyclical spending procedures are triggered to support growth. By contrast, more diversified economies such as the UAE and Qatar are anticipated to continue advancing their development agendas.

Regardless of shortterm threats tied to oil costs and worldwide need, the GCC's 2026 economic outlook is specified by strength in fundamentals: resistant customers, robust nonenergy sectors, enhancing oil characteristics, and tactical fiscal planning. With these aspects lining up, the area is preparing for one of its most balanced periods of growth recently anchored by a clear upward trajectory in GDP growth.

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RIYADH: Gulf Cooperation Council local economies are expected to remain durable in 2026, driven by strong domestic demand and a broadly steady global economy, according to an analysis. In its newest report, Oxford Economics highlighted that the real gross domestic item of the GCC region is anticipated to expand by 4.4 percent in 2026, up from the forecasted 4 percent this year.

We anticipate GCC development will rise to 4.4 percent in 2026, from 4 percent this year."In November, the GCC Statistical Center stated that financial growth in the area is set to accelerate to 4.3 percent by 2027, driven by expanding non-oil sectors.

ANSR July GCC PRs 50DR+

Non-oil activities accounted for 73.2 percent of overall GDP, up from 70.6 percent at the end of 2024, highlighting the area's continued progress toward diversity. According to Oxford Economics, GCC customers will be standout entertainers in 2026 and are anticipated to outshine their global peers.

In December, the IMF further stated that heading inflation is anticipated to remain listed below 2 percent in Bahrain, Oman, and Qatar, near to 2 percent in the Kingdom and the UAE, and somewhat above 2 percent in Kuwait in 20252026. According to Oxford Economics, credit growth is anticipated to remain elevated in the GCC region during 2026, as access to financial services is expected to grow and financing is projected to be supported by additional cuts in rates of interest."Owing to their currency pegs to the United States dollar, GCC central banks are anticipated to follow the US Federal Reserve by alleviating financial policy even more, which in turn will reduce debt maintenance costs and increase disposable income and demand," stated the report.