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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…
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DOI: 10.1108/OXAN-DB251403
ISSN: 2633-304X
Keywords
Geographic
Topical
His statement contrasts with broader regional trends. The six states of the Gulf Cooperation Council (GCC) have been overbanked for many years, but buoyant economies provided a…
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DOI: 10.1108/OXAN-DB217451
ISSN: 2633-304X
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Geographic
Topical
This comes as an austerity drive, including a controversial law to expand income tax coverage, has sparked the most serious protests the kingdom has faced since the 2011 Arab…
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DOI: 10.1108/OXAN-DB240619
ISSN: 2633-304X
Keywords
Geographic
Topical
The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…