GCC-STAT: Positive growth for GCC economies in 1Q

Shura Council Reaffirms Absolute Rejection of Any Projects Outside the Framework of the State

The Shura Council reaffirmed its absolute rejection of any projects outside the framework of the state, reiterating that the core battle remains the restoration of state institutions, ending the coup and reclaiming the unified national path.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Gold Prices Stabilize as Investors Await Key US Data Release

Gold prices remained steady today, Friday, after rising US Treasury yields offset the dollar's weakness, as investors await crucial US economic data releases.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/10 Time 08:35:01
Latest News:

Presidential Leadership Council Member al-Aradah Discusses Latest Developments with German Ambassador

Vice Foreign Minister meets Head of Bilateral Relations Department at German Foreign Ministry

Leadership Council Member Al-Arada Chairs Meeting with Senior Security Officials

Vice FM Meets Number of German Organisations

Yemen Political Parties Reject Unilateral Actions in Shabwa, Hadramout, and Mahra

GCC-STAT: Positive growth for GCC economies in 1Q

[26/10/2025 12:12]

MUSCAT-SABA
The economies of the Gulf Cooperation Council (GCC) countries recorded positive growth during the first quarter of 2025, reflecting the continued economic stability and sustainable development trajectory in the region.

According to a report issued by the Statistical Center (STAT) for the GCC countries, the nominal GDP of the Council's states reached about 588.1 billion US dollars, an increase of 5.7 percent compared to the first quarter of 2024, while the real GDP amounted to 466.2 billion US dollars, achieving an annual growth of 3.0 percent.

The report indicated that all the GCC countries' economies recorded positive growth rates in the first quarter of 2025 compared to the same period last year, while the oil sector still contributes the largest share to the GDP at 22.9%, followed by the manufacturing sector at 12.7%, and wholesale and retail trade at 9.6%, while other activities accounted for 26.7% of the total GDP.

The report confirmed that this positive performance reflects sustainable economic diversification in the GCC countries and the ongoing efforts to promote non-oil activities, which support the long-term stability of the Gulf economies.