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Belarus government will have to make unpopular cuts

Location:

BELARUS

Revenue problems facing the Belarusian government.

Oman will struggle to balance social and fiscal needs

Location:

OMAN

The additional income is being partly used to direct support to poorer segments of society. However, this has not ended the mounting popular pressure for accelerated change. The…

Oman's state-society relations may slowly change

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OMAN

Many welcomed the decision, believing it reflected the authorities’ acknowledgement of social realities. The decision also builds on other changes to state-society relations, such…

Saudi Arabian job creation will depend on oil revenues

Location:

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…

Mideast states will show mixed progress on renewables

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MIDDLE EAST

The project aims to generate up to 200 gigawatts by 2030, creating 100,000 jobs in Saudi Arabia. Renewable energy was also a key focus in the United Arab Emirates (UAE), at its…

Oman’s new sultan will hasten decentralisation

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OMAN

This marks the first significant change of policy following the death in January of former Sultan Qaboos, after half a century in power. Qaboos’s Oman began as a highly…

Financing shortfall will push Oman to uneasy austerity

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OMAN

A fiscal crunch exacerbated by the pandemic and associated oil-price crash has forced the authorities to step up long-term ‘Omanisation’ efforts, ultimately taking pressure off…

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…

German fiscal expansion is unlikely despite concerns

Location:

GERMANY

The economy shrank by 0.1% quarter-on-quarter in April-June; further shrinking in the third quarter would mean a technical recession. Since growth is not likely to pick up much in…

Instability will hinder any economic recovery in Haiti

Location:

HAITI

The political and security crisis that emerged from President Jovenel Moise’s assassination in July, coupled with the impacts of a 7.2-magnitude earthquake the following month…