The World Bank has been a strong partner to the Gulf Cooperation Council (GCC) countries for over 40 years. Governments in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates have mobilized the Bank’s global knowledge and development experience through technical assistance programs over the years.
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June 15, 2017 — The first edition of this new publication on Gulf Cooperation Council countries predicts aggregate growth will gradually recover from 1.3% in 2017 to 2.6% in 2019 as overall growth will be weighed down by oil production cuts. Non-oil sector growth is expected to increase.
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March 10, 2017 — The World Bank Group and the Ministry of Social Development in Oman launched a training program to equip social workers with the tools they needed to encourage beneficiaries to find work.
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Oil prices have risen from January lows, although they remain low versus historical levels. With their high dependence on the oil sector, the prolonged period of low oil prices continues to have detrimental impacts on GCC economies.
Read and download the latest World Bank reports on Gulf Cooperation Council (GCC) and the Middle East and North Africa for free. Featured studies include development topics such as education, health, jobs, and more.
This report supplement the World Bank’s Bi-annual MENA Quarterly Economic Brief and presents the short term, macroeconomic outlook and economic challenges facing the countries in the region.
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