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China will keep treating private firms with disfavour

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CHINA

The NPC Standing Committee that same week expanded the State Secrets Law. Information clampdowns denting business confidence undermine efforts to boost the private sector and…

Mexico expropriation risk may rise as AMLO term ends

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MEXICO

The move was not altogether unexpected, with the energy ministry having previously hinted it was possible. It nevertheless feeds concerns that the outgoing administration of…

Rising Russian investment will cause structural change

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RUSSIA

The war in Ukraine, Western sanctions and the redirection of external trade away from Europe towards new partners all required a surge in investment. The bulk of new investment…

Saudi Aramco will seek to manage rapid industry change

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SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Gulf economies are on a stable track despite risks

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GULF STATES

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…

Mexico candidates’ economic plans are overly ambitious

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MEXICO

Their economic proposals are intended to impress voters but seem largely uncosted and risk generating unrealistic expectations of the winner. Polling points to a clear victory for…

Russia’s high-tech sector will receive more support

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RUSSIA

After being targeted by Western sanctions, Russia’s high-tech sector has been boosted by the new opportunities created by the government’s import substitution programme, the…

Saudi Arabia’s spending strains banks’ balance sheets

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SAUDI ARABIA

Previously in April, Saudi banks put together a SAR10bn (USD2.7bn) revolving credit facility for NEOM, the largest of a cluster of ‘giga-projects’ backed by the PIF. This…

Colombia pension reform will face further challenges

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COLOMBIA

The bill’s content was watered down during debate, with the earning threshold at which payments into private pension funds are permitted lowered and the Central Bank granted a…

Egypt will focus on boosting industrial output

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EGYPT

Stabilisation measures implemented with Gulf assistance this year have created a platform for manufacturing growth. If this can be directed to boost manufactured exports, it would…