INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Will Gulf economies expand despite global woes?

  • Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies to expand further than previously expected.
  • In 2023, the UAE economy will grow 4.2 percent, outpacing Saudi Arabia (3.7 percent), Bahrain (3 percent), Oman (4.1 percent), Kuwait (2.6 percent), and Qatar (2.4 percent)

Thanks to a strong rebound in domestic activities and higher oil prices, the latest International Monetary Fund (IMF) report suggests the GCC economies to expand further than previously expected.

The UAE’s gross domestic product (GDP) growth, for example, will exceed 6 percent this year, up from 3.8 percent in 2021, while inflation is likely to average just above 5 percent, the Washington-based lender said.

In 2023, the UAE economy will grow 4.2 percent, outpacing Saudi Arabia (3.7 percent), Bahrain (3 percent), Oman (4.1 percent), Kuwait (2.6 percent), and Qatar (2.4 percent), to become the fastest growing economy in the Arabian Gulf.

For 2022, the IMF predicts Kuwait to have the Gulf’s fastest growing economy, at 8.7 percent, just edging out Saudi Arabia’s 7.6 percent. The UAE economy will hit 5.1 percent growth.

Here is what’s in store for the Gulf region as per the revised IMF estimates: