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Kuwait will approve a new debt law in the medium term

Location:

KUWAIT

The government will stay on in a caretaker capacity until a new one is established. Once that happens, it is likely to return to legislation -- in limbo for almost five years…

Debt issuance will be strong in the Gulf states

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GULF STATES

Debt issuance has risen across the Gulf Cooperation Council (GCC), despite high global interest rates. Drivers include incentivising local capital market development and meeting…

Green bonds set for strong growth worldwide

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INTERNATIONAL

Green bond growth.

Sisi seeks Egyptian economic takeoff in his next term

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EGYPT

Preliminary results suggest that President Abdel Fattah el-Sisi has won re-election with 91% of the vote. Western media and diplomats estimate turnout hovered around 20%, though…

Low oil prices set to accelerate Gulf subsidy reform

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GULF STATES

The sharp drop in oil prices to around 50 dollars, half their average level last year, has forced a serious fiscal rethink among the six Gulf Cooperation Council (GCC) states, who…

Ambitious reform plan will test Saudi government

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SAUDI ARABIA

Saudi National Transformation Program.

Gulf set for large-scale drawdown of foreign assets

Location:

GULF STATES

Gulf debt and sovereign wealth funds.

Moroccan tourism may be last sector to recover

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MOROCCO

Most sectors of the Moroccan economy performed well in 2021, but tourism was a glaring exception.

Saudi capital spending allocations are on the rise

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SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Turkey could loosen monetary policy prematurely

Location:

TURKEY

Having partly restored its inflation-fighting credibility by maintaining an exceptionally tight monetary stance since its decision last September to raise its benchmark rate to a…