Gulf economies predicted to grow faster in 2022

The economies in the six-member Gulf Cooperation Council is predicted to grow at their fastest paces in several years.

Crude oil prices, a major driver for Gulf economies, climbed to their highest since 2014 on Wednesday, pushed by escalating global political tensions involving major producers which could worsen already tight supplies.

Saudi Arabia was predicted to top the list with growth of 5.7 percent, followed by Kuwait and the UAE with 5.3 percent and 4.8 percent respectively.

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