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Gulf Economic Barometer

The Gulf Economic Barometer monitors initiatives taken by Gulf states as they seek fiscal, monetary, and trade policy changes to meet the challenge of reduced state revenue from natural resources. The key trend is a major shift in the way Gulf Arab 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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Kuwait and Saudi Arabia sign an MoU to boost tourism cooperation.

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The central banks of the UAE, Saudi Arabia, Bahrain, Kuwait, and Qatar increase their benchmark borrowing rates after the U.S. Federal Reserve’s move to control inflation.

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The central banks of the UAE, Saudi Arabia, Qatar, Bahrain, and Kuwait raise their interest rates following the U.S. Federal Reserve’s move to curb inflation.

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Saudi Arabia and Kuwait sign an agreement for the development plan for the joint Dorra offshore gas field.

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The central banks of the UAE, Saudi Arabia, Bahrain, and Kuwait raise their benchmark interest rates after the U.S. Federal Reserve approved an interest rate hike.

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