Search Site

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

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: