Oil Shock and Gulf Economic Stability: What Investors and Business Owners Need to Know for Strategic Planning
The Iran conflict pushes oil prices up, raising inflation and risking slower growth globally. For Oman and the GCC, higher
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The Iran conflict pushes oil prices up, raising inflation and risking slower growth globally. For Oman and the GCC, higher
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The IMF's new report highlights GCC economies' resilience amid global challenges, supported by strong non-hydrocarbon activity and domestic demand. It
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Non-oil GDP in GCC countries grew by 4.4% in 2024, contributing to a 1.9% rise in overall GDP. Non-oil activities
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The GCC GDP at current prices reached $2.143 trillion in 2023, down 2.7% from 2022. The non-oil sector's contribution rose
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The GCC nominal GDP reached $587.8 billion by Q4 2024, up 1.5% from Q4 2023. Non-oil activities contributed 77.9%, with
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