Saudi Arabia’s structural shift toward non-oil revenue is strengthening the kingdom’s long-term economic resilience, while rapid growth in its digital economy is supporting efforts to diversify beyond hydrocarbons, according to top ratings agency S&P Global Ratings.
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has approved the federal general budget for the years 2027–2029, totalling AED292.5 billion, up 28.3% over the previous three years.
Lebanese group Dar Al Handasah has secured a contract to conduct studies for the $4billion Qatar-Bahrain causeway project. The scope of work includes financial, economic, social and environmental feasibility studies for the 40km causeway, also known as the Friendship Bridge, said a report.
Economic, investment and services activity within GCC expanded by 2024-end with the intra-GCC trade surging to $146 billion in 2024, according to a report. The real estate ownership cases by GCC citizens in other member states reached 17,900 in 2024.
Forbes Middle East has announced the launch of a new global strategic initiative at the ongoing World Economic Forum Annual Meeting in Davos 2026. The initiative underscores the region’s growing influence in shaping global economic dialogue and contributing to future-focused international agendas.
