Search results

Gulf states’ non-oil growth will depend on oil income

Location:

GULF STATES

The deal links two key sectors in the six Gulf Cooperation Council (GCC) countries’ efforts to diversify their hydrocarbon-dependent economies, connecting transportation and…

Israel ties could fundamentally change Gulf structures

Location:

GULF STATES/ISRAEL

Bahrain also joined the ‘Abraham Accords’ in late 2020, while Sudan and Morocco promised to follow suit.

US-Middle East alignment unlikely

Location:

UNITED STATES/MIDDLE EAST

He will meet Israeli and Palestinian leaders and top officials from Gulf Cooperation Council (GCC) members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates…

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…

Gulf economies are on a stable track despite risks

Location:

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…

Gulf railway investment could promote more integration

Location:

GULF STATES

Rail investment is growing across the GCC states, with the reinvigorated Gulf Railway aiming to link Saudi Arabia, the United Arab Emirates (UAE), Oman, Qatar, Bahrain and Kuwait…

Kuwait’s economic reform plans will face challenges

Location:

KUWAIT

Kuwait’s sixth government in two years took office in October pledging to accelerate the slow reform of an economy that is overwhelmingly dominated by the state’s spending of…

Jordan’s economic stability will hinge on foreign aid

Location:

JORDAN

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…

Gulf states' ties with Iraqi Kurdistan face limits

Location:

GULF STATES

Amid a tightening of control by the Iraqi central government, the Kurdistan Regional Government (KRG), particularly the ruling Kurdistan Democratic Party (KDP), is attempting to…

Saudi Arabia will lead Gulf funds’ inward focus shift

Location:

GULF STATES

This echoed the strategy of the sovereign wealth funds of Gulf Cooperation Council (GCC) states after the 2008 global financial crisis, but there are several key differences: GCC…