Explore the latest trends, demand drivers and growth opportunitie...
Explore the latest trends, demand drivers and growth opportunities in the Middle East, with in-depth market and data analysis from our in-country field researchers and regional experts.
In 2023, Qatar ranked third in average gross income among Middle East and Africa countries. The 2022 FIFA World Cup made a major contribution to the economy, but that could not be duplicated in 2023 as per capita disposable income and consumer…
In 2023, real GDP growth of the United Arab Emirates (UAE) slowed to 3.3% due to a global economic slowdown and reduced oil production. Nevertheless, the non-oil sector saw rapid growth, contributing to economic resilience of the United Arab…
In 2023, Qatar's GDP growth slowed to 2.2%, with the hydrocarbon sector driving the economy despite production disruptions and oil price fluctuations. Qatar’s GDP per capita notably exceeded the regional average, supported by a rise in private…
In 2023, Saudi Arabia's GDP growth slowed to 0.5% due to a downturn in the oil sector and falling global oil prices. However, increased private and public spending, along with a substantial rise in gross fixed capital formation, supported the…
In 2023, Saudi Arabia saw a significant increase in per capita disposable income levels in real terms, supported by a decrease in unemployment and expansion of the non-oil private sector. However, income inequality and poverty issues persisted, with…