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Gulf oil dependency poses long-term stability risk

Location:

GULF STATES

Diversification outlook in the GCC.

Manama will struggle to vary its investor offering

Location:

BAHRAIN

The Economic Development Board (EDB), the country’s investment promotion agency, announced in March that its ‘golden licence’ scheme of incentives for local and foreign investors…

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…

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…

Tourism will grow in economic importance in Oman

Location:

OMAN

Since the end of COVID-19 travel restrictions, Oman has increased its efforts to boost its tourist sector, through the National Tourism Strategy (NTS) included within Vision 2040…

The Saudi tourist sector will expand rapidly

Location:

SAUDI ARABIA

The tourist sector is recovering strongly following the COVID-19 pandemic, aided by government efforts to promote high-end leisure tourism and increase capacity for religious…

Bahrain’s growth plan faces regional challengers

Location:

BAHRAIN

Manama exceeded its own fiscal and economic expectations in 2022, as the budget came close to balance one year earlier than targeted and real non-oil GDP surged by 6.2%, driving…

Solar power set for expansion in the Gulf

Location:

GULF STATES

Solar power in the Gulf.

Gulf states set for major spending cutbacks in 2016

Location:

GULF STATES

This comes as Gulf Cooperation Council (GCC) states begin serious reforms to adapt to a new period of low oil prices. The United Arab Emirates (UAE) led the way in August 2015 by…

IPO activity in the Gulf states will be strong in 2023

Location:

GULF STATES

The back-to-back ADNOC fundraisers are indicative of a flourishing IPO market throughout the Gulf Cooperation Council (GCC) states that stands in contrast to depressed activity…