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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

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: