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COVID-19 and oil shocks raise Gulf recession risks

Location:

GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…

Prospects for the Middle East in the second quarter

Location:

PROSPECTS Q2 2015

Prospects for the Middle East in the second quarter.

Saudi capital spending allocations are on the rise

Location:

SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Morocco can get through COVID-19 and drought shocks

Location:

MOROCCO

This follows an earlier downgrade from Fitch. Morocco’s principal exports -- automotive, phosphates and tourism in particular -- are vulnerable to global market volatility…

UAE economy will pull through downturn

Location:

UNITED ARAB EMIRATES

UAE economic outlook.

Egypt weathers COVID-19 blow but debt risks loom large

Location:

EGYPT

The IMF praised Egypt’s “resilience” to the COVID-19 shock and encouraged Cairo to maintain its focus on fiscal consolidation while broadening structural reforms -- mainly to ease…

Despite political headwinds, Qatar’s economy will grow

Location:

QATAR

The fall, which is likely to prove temporary, broke a rising trend. Despite the freeze in relations between Doha and its neighbours, sizeable foreign assets have alleviated…

Civilian transition would lift Sudan’s economic slump

Location:

SUDAN

Donors have made the formation of a civilian government a condition for the resumption of financing, which halted (except for humanitarian aid) after the October 2021 military…