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1 – 8 of 8Earlier, Cairo had announced plans to raise finance by selling off state-owned assets. It is seeking to cover deficits that are increasing rapidly because of the global commodity…
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DOI: 10.1108/OXAN-DB271118
ISSN: 2633-304X
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The rapid social changes under way, such as letting women drive and reopening cinemas, largely focus on creating new economic opportunities. They also serve a political purpose…
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DOI: 10.1108/OXAN-DB236599
ISSN: 2633-304X
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The deal links two key sectors in the six Gulf Cooperation Council (GCC) countries’ efforts to diversify their hydrocarbon-dependent economies, connecting transportation and…
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DOI: 10.1108/OXAN-DB281388
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB251403
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB283091
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB253134
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB278862
ISSN: 2633-304X
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Geographic
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However, sectors such as tourism remain subdued and the continued weakness in the oil market, despite decisive action by OPEC+, has driven deficits up sharply. Serious political…