Urgent.News

What's breaking now, across thousands of outlets.

Business

The latest blow threatens the Gulf's rapid recovery

El retorno de los vuelos oculta el desplome del turismo, de la ocupación hotelera y de las operaciones inmobiliarias

Translated from Spanish Read in Spanish

The latest blow threatens the Gulf's rapid recovery

The major Gulf economies are having a bad year. In 2025, Qatar, Saudi Arabia, and the United Arab Emirates grew by 1.8%, 4.6%, and 6.2% respectively. However, due to the war with Iran, the three countries are expected to contract in 2026. The impact of Houthi missiles hitting Saudi Arabia's main international airport may hinder the rapid recovery anticipated for 2027 and disrupt foreign capital inflows.

Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at cincodias.elpais.com →

More in Business

More from Tuesday 20 October →