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This is below the medium-term target of average annual real GDP growth of 6%, with economic performance largely affected by poor agricultural harvests. There was a modest recovery…
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DOI: 10.1108/OXAN-DB287009
ISSN: 2633-304X
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A major milestone was showcased in February, as KAAN, the country’s first domestically produced fifth-generation combat aircraft, made its maiden flight. The aircraft is equipped…
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DOI: 10.1108/OXAN-DB286447
ISSN: 2633-304X
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He was speaking at the signing ceremony for the first USD845mn grant bolstering the national budget, under a new agreement signed this year. The Gaza war has exacerbated concerns…
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DOI: 10.1108/OXAN-DB283977
ISSN: 2633-304X
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The energy sector underperforms its potential owing to chronic leadership instability, endemic corruption and stifling bureaucracy. Despite this, Algeria has experienced a…
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DOI: 10.1108/OXAN-DB284070
ISSN: 2633-304X
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Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…
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DOI: 10.1108/OXAN-DB285730
ISSN: 2633-304X
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War, sanctions and a mutual desire to overturn US-led regional security orders have pushed Moscow and Tehran closer together. Moscow desires to turn what has historically been a…
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DOI: 10.1108/OXAN-DB284914
ISSN: 2633-304X
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The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…