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Gulf economies are on a stable track despite risks

Location:

GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Oil and gas prices boost Oman's financial position

Location:

OMAN

The Gulf state’s finances had been under pressure for some time, with steadily rising debt levels and only fitful progress towards economic diversification. It can now look…

Algeria to build and diversify energy and other ties

Location:

ALGERIA

Algeria’s traditional foreign policy of non-alignment has been tested by Russia’s invasion of Ukraine. It is performing a delicate balancing act, preserving close political and…

Prospects for the Gulf states in 2022

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PROSPECTS 2022

Prospects for the Gulf states in 2022.

Emirati economic cohesion could gradually increase

Location:

UNITED ARAB EMIRATES

On November 7-8, senior Emirati officials gathered in Abu Dhabi for an annual meeting focusing on diversifying the economy, chiefly away from reliance on Abu Dhabi's oil, an…

Yemen's oil and gas revival hopes will be dashed

Location:

YEMEN

Reports suggest progress on several issues, including the mechanism for paying civil servants’ salaries. The possibility that the war will wind down opens the question of whether…

United Arab Emirates will boost oil and gas output

Location:

UNITED ARAB EMIRATES

Recent high prices have generated windfall revenues for this investment. Projected declines in global oil demand support the increased extraction policy. In parallel ADNOC is…

Saudi Arabia needs a strategy for the hydrogen sector

Location:

SAUDI ARABIA

It intends to produce up to 11 million tonnes of ‘blue ammonia’ annually by 2030, using 'blue' hydrogen made from natural gas but with mitigated carbon impacts. The target lacks…

Iran’s hopes of swift economic recovery will be dashed

Location:

IRAN

His government is in an impasse with the conservative parliament over the draft budget for the new fiscal year beginning on March 21. Rouhani needs the US sanctions to be lifted…

Libyan unity government should ease economic pressures

Location:

LIBYA

The economy has faced major challenges recently: recurring disruptions to the oil and gas sector, state fragmentation and war between the government in Tripoli and the armed…