GlobalData warns that disruptions in key Middle East shipping routes are tightening energy supplies and raising oil prices, with every sustained $10-per-barrel increase potentially reducing annual GDP growth in major energy-importing economies by 0.1–0.5 percentage points.
The Organization of the Petroleum Exporting Countries (OPEC) expects global oil demand to continue expanding this year and the next, supported by resilient economic growth, rising mobility and increased industrial activity across major emerging economies.
The GCC economies posted robust growth in the third quarter of 2025, driven by the non-oil sector as the region’s sustained push to diversify income sources gained further momentum.
Economic growth across the Gulf Cooperation Council (GCC) gained momentum in 2025, supported by structural reforms and rapid digital innovation, said a World Bank report. The UAE is expected to top the region with 4.8% growth in the year.
Saudi Arabia and the UAE are poised to lead the Gulf’s economic expansion in 2026, supported by strong private-sector performance, resilient domestic demand and renewed investment momentum, according to a new report.
Economic activity in the MENA region and Pakistan has been stronger than expected, projecting a growth of 3.2% in 2025, up from 2.1% in 2024, and higher than its April forecast.
