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
Dubai World Trade Center signs an agreement with the Israeli Export Institute to facilitate Israeli participation in UAE exhibitions.
DP World and Dubai Customs sign MoUs with Israel-based DoverTower to explore the development of trading links between the UAE and Israel.
The Kuwaiti Parliament approves a law that increases protections for struggling businesses and provides new options before declaring bankruptcy.
The Public Establishment for Industrial Estates and its investment arm, Shumookh Investment and Services, sign an agreement with Advanced Universal Tech LLC to establish Oman Nano City in Sur Industrial City.
Abu Dhabi launches the Khalifa University Space Technology and Innovation Centre to support the UAE’s space missions, build capabilities, and create a space hub for training and research.
Qatar’s emir issues a new public-private partnership law intended to strengthen the role of the private sector in the country’s economy.
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.
Saudi Arabia raised an estimated $12.2 billion from VAT in 2018, exceeding expectations by nearly one-third.