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Omani debt may face further downgrades

Location:

OMAN

Outlook for Omani debt.

More Gulf bank mergers likely, within national borders

Location:

GULF STATES

After a decade of stasis, consolidation in the Gulf Cooperation Council (GCC) banking sector has grown to fever pitch, with rumours about new combinations emerging on an almost…

Saudi Aramco-SABIC merger will raise strategy concerns

Location:

SAUDI ARABIA

This will be used to meet part of the costs of acquiring a controlling stake in Saudi Basic Industries Corporation (SABIC), the kingdom’s principal petrochemical producer. Aramco…

Politics will constrain global energy subsidy cuts

Location:

INTERNATIONAL

Several Australian and international banks have declined to provide the Carmichael project with financing, and Adani is seeking a loan of 1 billion Australian dollars (743.5…

Added Saudi risks will fail to deter many investors

Location:

SAUDI ARABIA

This follows the successful issuance of 7.5 billion dollars of bonds by the Saudi government on January 9 -- a signal of confidence from global financial markets after the…

Bahrain’s new premier faces difficult fiscal choices

Location:

BAHRAIN

Manama is seeking multiple means to adjust to the impact of the pandemic, publishing a two-year budget in November that targets a steady decline in the fiscal deficit. Although…

Philippine leader faces tough challenge on prices

Location:

PHILIPPINES

The fall appears linked to public discontent over elevated inflation, which has clouded the country's economic outlook. Meanwhile, the government is moving slower than it…

India’s role in regional maritime security will grow

Location:

INDIA

Separately, the IN’s presence in the Arabian Sea has increased markedly since December, in response to threats associated with the fallout from the Israel-Gaza war. Defence…

Economic goals of Dubai and Abu Dhabi will diverge

Location:

UNITED ARAB EMIRATES

Despite its promotion of an innovation ecosystem to attract start-ups, Abu Dhabi has overall made little progress in addressing the impact of the clean-energy transition on…