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Saudi subsidy reforms unlikely to spark major protests

Location:

SAUDI ARABIA

Political impact of subsidy reform.

Saudi Arabia may widen its tax net

Location:

SAUDI ARABIA

The finance ministry has sought to boost non-oil revenue by increasing the value-added tax (VAT) rate and other measures. The finance minister has also floated the possibility of…

Saudi Arabian job creation will depend on oil revenues

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SAUDI ARABIA

A major goal of Vision 2030, the kingdom’s strategic development framework, is to address persistently high levels of unemployment, especially amongst young people. Although…

Gulf states set for major spending cutbacks in 2016

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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…

Prospects for the Gulf states in 2019

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PROSPECTS 2019

Prospects for the Gulf states in 2019.

Prospects for Middle Eastern oil economies to end-2022

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PROSPECTS H2 2022

Prospects for Middle Eastern oil economy to end-2022.

Saudi fiscal constraints may undercut structural shift

Location:

SAUDI ARABIA

The fact that state salaries in the first half of 2020 exceeded total oil revenue underlines the scale of the task -- and the difficulty of achieving fiscal goals without major…

Kuwait’s economic reform plans will face challenges

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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…

Saudi Arabia can sustain high spending in medium term

Location:

SAUDI ARABIA

The 2015 budget statement from the Ministry of Finance provides a glimpse into the government's fiscal policy response to the fall. Saudi Arabia opted not to try to stem the slide…