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GCC economies are set for a slight contraction in 2026 as regional tensions weigh on trade, travel and investor confidence, with GDP expected to dip by 0.2% before rebounding strongly by 8.5% in 2027, according to ICAEW. While energy markets offer partial support, disruptions to tourism and logistics are driving uneven impacts across the region, with recovery hinging on how quickly stability and confidence return.
31/03/2026
Gold recovered above the US$4,000 mark after last week’s pullback, but analysts say the correction is masking a deeper shift in global demand. While short-term investors have reduced exposure, central banks and long-term buyers—particularly in China—continue to increase their gold holdings, reinforcing gold’s role as a strategic reserve asset.
Kuwait’s annual inflation rate rose 2.19% in June, driven by higher prices for food, transport, healthcare, education, clothing, and other consumer goods, according to official data. Food and beverages saw the largest increase at 5.55%, while miscellaneous goods and services climbed 5.8%.
Second-quarter earnings are beating expectations at one of the fastest rates in years, with major banks leading the way. But as markets set a higher bar, company outlooks are proving just as important as financial results. While strong guidance is rewarding stocks, cautious forecasts from companies like Citigroup and IBM have triggered sharp market reactions, highlighting a growing focus on future growth over past performance.
The IMF has praised the UAE’s economic resilience following its latest consultation visit, highlighting the country’s strong financial system, effective policy response, and ability to withstand regional geopolitical challenges. The Fund also commended the UAE’s banking sector, fiscal strength, and proactive measures that continue to support economic stability and investor confidence.
20/07/2026
