BusinessQuiet 10d · day 11
Gulf economies crater as Iran war disrupts growth plans
Saudi Arabia and UAE see growth plunge after years of diversification efforts as regional conflict deepens.
What to know
- Gulf economies dependent on energy diversification are contracting sharply due to Iran-related conflict.
- Saudi Arabia and UAE's multi-year economic rebalancing efforts have been disrupted by regional instability.
- The downturn suggests renewed vulnerability to geopolitical risk in the region.
Saudi Arabia Gulf state economy affected by conflictUnited Arab Emirates Gulf state economy affected by conflict
How it unfolded 1 development · click the chart to see its coverage articlesposts
Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10yesterdaynow · 8:19 PM ET
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NYT reports Gulf economies contracting amid Iran war
New York Times coverage indicates that Gulf states like Saudi Arabia and the UAE, which have pursued economic diversification away from energy dependence, have seen growth plunge significantly over the past year due to regional strife involving Iran.
“States like Saudi Arabia and the United Arab Emirates that have worked to rebalance from a dependence on energy have seen growth plunge in a year of strife.”
— Humza Jilani, New York Times reporter · source -
3 outlets first by New York Times, 10d ago · also NYT, NYT Middle East · read ↗
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