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Middle East Credit Resilient to Prospect of Lower Oil Prices

Fitch Ratings expects another year of robust economic growth in the Middle East in 2026, despite lower oil prices. We project median growth among member states of the Gulf Cooperation Council (GCC), Egypt, Iraq, Israel and Jordan at 4%, up from 3.4% in 2025. However, Iran and other regional geopolitical hotspots will continue to pose credit risks. [....]