GCC no longer immune to global market constraints: AI data

New report based on AI data shows companies in the Gulf region expect lower earnings this quarter.
Qatar gas
Saad Sherida al-Kaabi, Qatar's energy minister, gives a press conference with Ryan Lance, CEO of multinational corporation ConocoPhillips, in Qatar's capital Doha on Nov. 29, 2022, announcing a deal to send Germany two million tons of liquefied natural gas a year for at least 15 years. - KARIM JAAFAR/AFP via Getty Images
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Salim A. Essaid
@salim_a_essaid

Gulf Cooperation Council companies are feeling the effects of the global economic slowdown, according to Iridium Advisors’ AI-powered report released today. 

The Dubai-based consultancy stated that its GCC Earnings Call Sentiment Index dropped 8% quarter-on-quarter to its lowest point since Q1 2021. 

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