Goldman Sachs warns UAE GDP could contract 5% if regional conflict persists
The non-oil economy could see a 6% contraction amid a prolonged war scenario
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The non-oil economy could see a 6% contraction amid a prolonged war scenario
This will happen if the current regional conflict drives oil prices up by 10% and holds them there for most…
GCC GDP forecast went down to 2.6% from 4.4%
Hormuz typically accounts for around 25% of global seaborne oil trade and some 20% of global LNG trade
This comes after developers have been riding the property boom for the past five years and scaling their presence at…
The agency now sees growth coming in at 2.2% this year, significantly down from an earlier forecast of 4.7% growth
Business activity surged at its fastest pace since April 2024
Car prices are set to surge as ins. costs and risk premia rise, but the country has enough supply to…
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