Expat exodus in Gulf states could continue into 2023: S&P report

S&P has published a report showing that the populations of the Gulf states declined by an average of 4% in 2020. The report said the principle causes were the pademic and persistently low oil prices, both of which prompted many expat workers to return to their home countries. In addition many countries have made efforts to "nationalise" their workforce, prioritising jobs for their own citizens and reducing their reliance on expar workers. The rapid depopulation through 2020 means populations across the GCC are unlikely to return to 2019 levels 2023, the S&P report found. In Oman, t...