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.

Present
The Kuwaiti Parliament approves a law that increases protections for struggling businesses and provides new options before declaring bankruptcy.
Kuwait’s Cabinet approves a fiscal stimulus package that contains measures to provide liquidity for small- and medium-sized enterprises and directives for local banks to postpone select loan repayments for a 3-month period.

Market Watch: The Lure of Technology in the Gulf

by Karen E. Young Gulf states are turning to technology as a placement for outward investment and as a source of generating jobs and economic growth in domestic markets.