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Emirati 50-year economic plan offers mixed prospects

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UNITED ARAB EMIRATES

It seeks to lessen direct government involvement in the economy, increase the importance of the private sector with a focus on high tech, improve business regulation, diversify…

Prospects for the Middle East in the fourth quarter

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PROSPECTS Q4 2015

Prospects for the Middle East in the fourth quarter.

United Arab Emirates’ visa changes will draw criticism

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UNITED ARAB EMIRATES

The amendments aim to attract highly skilled workers and entrepreneurs with significant assets. These are part of a wider set of changes introduced over the past two years in an…

Cheap oil will increase Middle East debt issuances

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MIDDLE EAST

This, with his recently acquired Beltone Financial Holding SAE, will create Egypt's second largest investment bank. Yet the profitability of the Middle East and North Africa…

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…

Climate change will hit Middle East/North Africa hard

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MIDDLE EAST/NORTH AFRICA

The region is particularly vulnerable to climate change in terms of rising sea levels, water and food security, desertification, extreme weather events and socio-economic impacts…

Prospects for the Gulf states in 2021

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PROSPECTS 2021

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…

Turkey’s currency is likely to depreciate in 2023

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TURKEY

The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…

New Saudi airline will increase regional competition

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SAUDI ARABIA

The new airline targets having 100 destinations by 2030, generating more than 200,000 employment opportunities and adding USD20bn to non-oil GDP growth.

Abu Dhabi will boost oil output for energy transition

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UNITED ARAB EMIRATES

This is part of a wider strategy to capture more value from hydrocarbons resources, launched after a major corporate restructuring following the 2015 oil price crash. The publicly…