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Service news and monetary news, analysis, opinion and data covering the 6 Gulf Corporation Council members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE

ANSR July GCC PRs 50DR+

Financial development across the Gulf Cooperation Council (GCC) is set to speed up in 2026, with the region projected to surpass its 2025 efficiency despite soft oil revenues and continuous international uncertainties. According to a new Oxford Economics research study briefing, GCC GDP development is anticipated to increase to 4.4 percent in 2026, up from 4 per cent in 2025, reflecting a resistant nonenergy sector, strong consumer dynamics, and slowly enhancing oil output.

The latest projections recommend that Gulf economies are now wellpositioned to regain momentum, buoyed by reinforcing domestic demand and a broadly steady worldwide backdrop. The report highlights GCC consumers as a significant driver of the area's economic performance heading into next year. Low inflation, robust labour markets, and growing real disposable earnings are anticipated to fuel a surge in consumer spending throughout the Gulf.

Credit growth is likewise forecast to remain elevated as access to monetary services broadens. With GCC reserve banks anticipated to follow anticipated United States Federal Reserve rate cuts due to the region's dollar pegs, borrowing costs are likely to decline, giving families and companies even more motivation to spend and invest. While the nonoil sector continues to anchor the area's strength, the GCC's hydrocarbon outlook presents a blended picture.

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This could weigh on firsthalf development, especially for economies more dependent on oil extraction. Oxford Economics forecasts a rebound later on in 2026, with Opec+ members expected to resume raising production as stocks tighten and global demand improves. Qatar, meanwhile, stands out as a local outperformer, with considerable expansions in gas production and exports expected to raise its total financial performance.

Saudi Arabia's 2026 budget anticipates a 6 per cent cut in capital expenditure as the kingdom intends to narrow its financial deficit by two percentage points. Nevertheless, the report keeps in mind that these cuts might not materialise totally if countercyclical spending procedures are triggered to support development. By contrast, more diversified economies such as the UAE and Qatar are expected to continue advancing their development programs.

In spite of shortterm dangers connected to oil costs and global demand, the GCC's 2026 economic outlook is specified by strength in basics: durable consumers, robust nonenergy sectors, improving oil dynamics, and strategic fiscal planning. With these factors lining up, the area is getting ready for one of its most well balanced periods of expansion recently anchored by a clear upward trajectory in GDP growth.

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RIYADH: Gulf Cooperation Council local economies are expected to remain resilient in 2026, driven by strong domestic need and a broadly constant international economy, according to an analysis. In its latest report, Oxford Economics highlighted that the genuine gross domestic product of the GCC area is anticipated to expand by 4.4 percent in 2026, up from the forecasted 4 percent this year.

United States trade policy under President Donald Trump has had no notable effect on local growth, and non-energy sectors have actually sustained their robust momentum," stated Oxford Economics. It included: "Meanwhile, oil production has actually gradually increased, providing an increase to the area's economies. We expect GCC growth will increase to 4.4 percent in 2026, from 4 percent this year."In November, the GCC Statistical Center said that economic growth in the region is set to speed up to 4.3 percent by 2027, driven by broadening non-oil sectors.

ANSR July GCC PRs 50DR+

Non-oil activities accounted for 73.2 percent of total GDP, up from 70.6 percent at the end of 2024, highlighting the region's ongoing development toward diversity. According to Oxford Economics, GCC consumers will be standout entertainers in 2026 and are anticipated to outperform their international peers.

In December, the IMF even more said that headline inflation is anticipated to remain listed below 2 percent in Bahrain, Oman, and Qatar, near 2 percent in the Kingdom and the UAE, and a little above 2 percent in Kuwait in 20252026. According to Oxford Economics, credit development is expected to remain raised in the GCC area during 2026, as access to financial services is expected to grow and loaning is predicted to be supported by additional cuts in rates of interest."Owing to their currency pegs to the United States dollar, GCC main banks are expected to follow the US Federal Reserve by alleviating monetary policy further, which in turn will lower debt maintenance expenses and improve disposable income and demand," said the report.