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KUWAIT: Economy will contract again in 2024
Prospects for Middle Eastern oil economy to end-2022.
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DOI: 10.1108/OXAN-DB270989
ISSN: 2633-304X
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Geographic
Topical
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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Geographic
Topical
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…
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DOI: 10.1108/OXAN-DB274363
ISSN: 2633-304X
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Geographic
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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…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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Geographic
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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…
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DOI: 10.1108/OXAN-DB212955
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB210155
ISSN: 2633-304X
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Geographic
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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…
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DOI: 10.1108/OXAN-DB207748
ISSN: 2633-304X
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Geographic
Topical
Debt issuance has risen across the Gulf Cooperation Council (GCC), despite high global interest rates. Drivers include incentivising local capital market development and meeting…
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DOI: 10.1108/OXAN-DB289441
ISSN: 2633-304X
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Geographic
Topical
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…