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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…

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…

Doha disagreement delineates Saudi-Iranian rivalry

Location:

INTERNATIONAL

Many producers, facing budgetary pressures because of low oil prices, support output restraint, but they need to act in concert. Russia and Saudi Arabia have offered a freeze…

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…

Kuwait's politics will stall economic reforms

Location:

KUWAIT

With huge financial reserves, low public debt and a small population, Kuwait is one of the Gulf Cooperation Council (GCC) states best equipped to ride out an extended period of…

Cheap oil will increase Middle East debt issuances

Location:

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…

Gulf states set for major spending cutbacks in 2016

Location:

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…

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

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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…

Oman’s green hydrogen sector will grow over the decade

Location:

OMAN

Oman has a long pipeline of green hydrogen projects and the clearest strategy in the Gulf for the industry’s development. It aims to have 30 gigawatts of electrolyser capacity by…