Economic growth: Initial figures show the economy expanded by 5.8% in Q3 2021, compared to the previous quarter, the fastest rate of growth for more than a decade. Gross domestic product is up 6.8% year-on-year and 1.6% above the pre-Covid-19 pandemic level. The oil sector has been a key contributor to recent growth: crude production reached 9.76m b/d in October, the highest level since April 2020, according to Capital Economics.
Subscribe to Gulf States Newsletter
Gulf States Newsletter is a brand of
