About the The Gulf Press™
The Gulf Press™ aggegates news on Auatomotive, Business, Energy, Entertainment, Finance, Healthcare, Real Estate, Technology, Travel and the overall econony of the Gulf Cooperation Council (GCC) member states.
The economic powers in the gulf member states are mainly derived from their oil and gas wealth, which accounts for a large share of their GDP, exports and government revenues. However, the gulf member states also have diversified their economies into other sectors, such as finance, trade, tourism, construction, manufacturing and technology. The gulf member states are also major donors of foreign aid and investors in various regions, especially in Asia and Africa. The gulf member states are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
According to the World Bank, the gulf member states have different levels of economic development and performance, depending on their natural resources, population size, political stability and economic policies. The UAE and Bahrain have a high Human Development Index (ranking 31 and 42 worldwide respectively in 2019) and were recognised by the World Bank as high income economies. Kuwait, Qatar and Saudi Arabia also have high income levels, but lower human development rankings (56, 41 and 36 respectively in 2019). Oman has a lower income level and human development ranking (48 and 89 respectively in 2019) explains Cambridge University press.
The gulf member states also face some common challenges and opportunities, such as the need to balance their economic interests and climate commitments, the need to cope with the volatility and uncertainty of oil prices, the need to create productive and inclusive jobs for their young and growing populations, and the need to enhance their competitiveness, innovation and resilience in the global market.
You can reach the GCC market by submitting a press release to media outlets in the the region. For more information, contact us.
