Australia may be famous for many things — its movie stars such as Hugh Jackman, Nicole Kidman and pop icon Kylie Minogue but its greatest export is a culinary one — the quality of its delicious halal meat.
With around 16 percent of Australia’s beef exports to the Middle East and North African region destined to the Kingdom and a surge in demand for high-quality grain-fed beef and wagyu, it seems Saudi Arabia does not get enough of this premium product.
The Kingdom is also the largest destination for Australian mutton in the region, accounting for 27 percent of shipments.
Tarek Ibrahim, celebrity chef and star of Fatafeat TV, says: “As one of the world’s greatest food-producing nations, Australia deserves and enjoys a reputation for excellence so it comes as no surprise that Australia produces some of the world’s greatest meat.”
Tarek Ibrahim adds: “When talking about meat, for me it has to be Australian. It’s the only country in the world where I truly trust the halal and food safety systems. It’s utterly delicious and a dream to cook with for anyone from a top executive chef to the home cook.”
Ibrahim said: “Australians are renowned for their ‘barbies’ and what better way to celebrate Australia Day than to relax with family and friends over a delicious barbecue. Surf between flavors and textures; for example, if you like steak that has a light and gentle flavor choose grain-fed beef and for a deeper flavor go for the grass-fed selection.”
He added: “The hand test can give you a good sense of how hot the grill or barbecue plate is. Hold your outstretched palm about 6cm from the heat. If you can only hold it above the heat for around a second it means it’s too hot. If you can hold your hand above the heat for three-four seconds it’s at a moderately high temperature, which is perfect for barbecuing. Any longer, say eight seconds, then the heat is too low. The barbecue should be hot enough to sizzle the meat as it makes contact with the plate or grill.”
Halal meat is Australia’s greatest export
Halal meat is Australia’s greatest export
GCC growth set to accelerate to 4.4% in 2026 on non-oil strength: World Bank
RIYADH: Economies across the Gulf Cooperation Council are forecast to grow 4.4 percent in 2026, accelerating to 4.6 percent in 2027, driven by rising non-oil activity in countries including Saudi Arabia, according to an analysis.
In its Global Economic Prospects report, the World Bank said the Kingdom’s real gross domestic product is projected to grow 4.3 percent in 2026 and 4.4 percent in 2027, up from an expected 3.8 percent in 2025.
Earlier this month, a separate analysis by Standard Chartered echoed similar expectations, forecasting the Kingdom’s GDP to expand by 4.5 percent in 2026, outperforming the projected global growth average of 3.4 percent, supported by momentum in both hydrocarbon and non-oil sectors.
The World Bank’s latest forecast broadly aligns with the International Monetary Fund’s October outlook, which projects Saudi Arabia’s GDP to grow by about 4 percent in both 2025 and 2026.
In its latest report, the World Bank said: “Growth in GCC countries is forecast to increase to 4.4 percent in 2026 and 4.6 percent in 2027, mainly reflecting a steady expansion of non-hydrocarbon activity, in addition to a further rise in hydrocarbon production.”
It added: “The strengthening of non-hydrocarbon activity — accounting for more than 60 percent of GCC countries’ total GDP — is projected to be supported by expected large-scale investments, including in Kuwait and Saudi Arabia.”
Expanding the non-oil sector remains a core objective of Saudi Arabia’s Vision 2030 agenda, as the Kingdom continues efforts to reduce its long-standing reliance on crude revenues.
Highlighting the strength of Saudi Arabia’s non-oil momentum, S&P Global said the Kingdom recorded the highest purchasing managers’ index reading in the region in December, at 57.4, supported by rising new orders, continued growth in non-energy business activity, and expanding employment.
At the country level, the UAE’s economy is projected to grow by 5 percent in 2026, before accelerating to 5.1 percent in 2027.
Oman’s GDP is forecast to expand by 3.6 percent in 2026 and 4 percent in 2027, while Qatar is expected to record growth of 5.3 percent next year, rising sharply to 6.8 percent in 2027.
In Kuwait and Bahrain, GDP growth is projected at 2.6 percent and 3.5 percent, respectively, in 2026.
Across the broader Middle East, North Africa, Afghanistan and Pakistan region, growth is estimated to have reached 3.1 percent in 2025 and is projected to strengthen further to 3.6 percent in 2026 and 3.9 percent in 2027, largely driven by improving performance among oil-exporting economies.
Potential growth challenges
The World Bank also outlined several downside risks that could weigh on economic growth across the region.
These include a re-escalation of armed conflicts, heightened violence or social unrest, which could disrupt economic activity and weaken confidence.
Other risks include tighter global financial conditions, further increases in trade restrictions and tensions, greater uncertainty over global trade policies, and more frequent or severe natural disasters.
For oil exporters, lower-than-expected oil prices or heightened price volatility could also dampen growth.
“A re-escalation of armed conflicts in the region could cause a significant deterioration in consumer and business sentiment, not only in the economies directly affected but also in neighboring economies,” the World Bank said.
It added: “It could spill over into a broader increase in policy uncertainty and a tightening of financial conditions, dampening investment and economic activity.”
Global outlook
The World Bank said the global economy has proved more resilient than expected despite last year’s escalation in trade tensions and policy uncertainty.
Global economic growth is projected at 2.6 percent in 2026, easing from an estimated 2.7 percent in 2025.
“The modest slowdown comes on the heels of a post-pandemic rebound over 2021–25 that represented the strongest recovery from a global recession in more than six decades,” the World Bank said, adding that the rebound was uneven and came at the cost of higher inflation and rising debt.
Among advanced economies, US GDP is projected to grow by 1.6 percent in both 2026 and 2027.
China’s economy is expected to expand by 4.4 percent in 2026 before slowing to 4.2 percent in 2027, while India’s GDP is forecast to grow by 6.5 percent and 6.6 percent over the same period.
