Gulf Economic Barometer

The Gulf Economic Barometer monitors initiatives taken by Gulf states as they seek fiscal, monetary, and labor policy changes to meet the challenge of reduced state revenue from natural resources. The key trend is a major shift in the way the GCC countries have been spending on public sector wages, infrastructure, and social services over the last decade. The GEB documents the policy changes as they are announced and/or implemented by country and by sector and is updated regularly as data becomes available. The information here is neither official nor exhaustive.

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Market Watch: For Saudi Economic Reforms, Timing is Everything

A man walks past a building under construction in Riyadh, Saudi Arabia. (AP Photo/Hasan Jamali) by Karen E. Young

Saudi Arabia has been a feast or famine economy, but that pattern is not suited to today’s global economy and the need to solicit capital from many sources and to make good on commitments to foreign investors.

Issue Paper: Gulf Islamic Finance in a Time of Austerity

by Mai Mahmoud
Islamic finance has grown in importance in most of the Gulf Cooperation Council countries since 2013. Islamic banks now represent more than 25 percent of the banking system in the GCC, and the region’s sukuk (sharia-compliant financial securities) market is the second largest in the world after Malaysia.

Market Watch: GCC Bank Sector Under Pressure

The commercial banking sector in the GCC comes under pressure as oil prices continue to decline.