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Impact investing will boost global Islamic finance

Location:

INTERNATIONAL

Impact investing and Islamic finance.

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…

Workforce localisation will accelerate in Saudi Arabia

Location:

SAUDI ARABIA

However, more than half of employed Saudis work in the public sector, with their pay absorbing about 45% of the state budget. Increased employment of Saudi nationals in…

Expats and Gulf state locals will compete for jobs

Location:

GULF STATES

As the era of high oil revenues comes to an end, the two states are planning for different economies -- with profound impacts on state-society relations and the social contract…

Saudi bureaucratic lag will hamper change

Location:

SAUDI ARABIA

The state is central both in the economy and in the lives of citizens. Government has been the key driver of economic diversification, but it also poses major obstacles to private…

Gulf oil dependency poses long-term stability risk

Location:

GULF STATES

Diversification outlook in the GCC.

Prospects for Middle Eastern oil economies to end-2022

Location:

PROSPECTS H2 2022

Prospects for Middle Eastern oil economy to end-2022.

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…

Qatar’s diversification plans will lag regional rivals

Location:

QATAR

PMI data indicate that the non-oil private sector continues to expand in 2023 as the government attempts to diversify its economic base away from gas dependency. Regulatory reform…

India’s Gulf ties will face setbacks in the near term

Location:

INDIA

Indian nationals are struggling to maintain jobs in the Middle East as GCC states contend with historically low oil prices as well as the economic fallout of the pandemic. Gulf…