Mubasher: The World Bank has lifted its growth outlook for the region encompassing the Middle East, North Africa, Afghanistan and Pakistan (MENAAP) for 2025, with expected growth reaching 2.8% in 2025 and 3.3% in 2026.

Nonetheless, global uncertainty, trade policy shifts, and continued conflict and displacement all pose possible risks, according to a press release.

The GCC region will likely leverage the phasing out of voluntary oil production cuts and growth in its non-oil industries.

Oil-importing countries are also expected to see economic improvements, thanks to private spending and investments, as well as a rebound in agriculture and tourism.

Meanwhile, oil-exporting developing countries may witness a significant slowdown because of conflict and reduced oil production.

Ousmane Dione, Vice President for the World Bank’s MENAAP region, commented:  "To unlock the full potential of women in the region, we must tackle every barrier to their inclusion with comprehensive measures. A vibrant private sector that creates jobs and transforms aspirations is key to real progress."