Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

Most Gulf nations stare at slow population growth

During the pandemic, expat worker population also declined.
  • S&P said the overall GCC population is unlikely to return to 2019 levels of 57.6 million people until 2023.
  • Gulf states rely heavily on foreign workers and efforts to nationalize the workforce to fight rising unemployment among nationals have accelerated in recent years

Dubai population dropped by 8.4 percent in 2020, one of the steepest declines in the Gulf region, mainly due to the exodus of expatriate workers in the wake of the pandemic-induced economic distress. The drop in the Dubai compares with a four percent decline for the GCC countries, according to S&P estimates.

Gulf states rely heavily on foreign workers and efforts to nationalize the workforce to fight rising unemployment among nationals have accelerated in recent years. S&P said the overall GCC population is unlikely to return to 2019 levels of 57.6 million people until 2023. While the expat population declined during the pandemic, the population growth in the GCC countries has slowed down. TRENDS takes a look at population trends in these nations: