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1 – 10 of 28The 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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The conflict will damage the economic prospects of Israel, Egypt and Jordan, even without a major regional escalation. The Gulf Arab states, Iraq and Algeria will benefit from the…
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DOI: 10.1108/OXAN-DB283028
ISSN: 2633-304X
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Many welcomed the decision, believing it reflected the authorities’ acknowledgement of social realities. The decision also builds on other changes to state-society relations, such…
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DOI: 10.1108/OXAN-DB279486
ISSN: 2633-304X
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The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…
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DOI: 10.1108/OXAN-DB261921
ISSN: 2633-304X
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OMAN: Financial and regional pressure will rise
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DOI: 10.1108/OXAN-ES254568
ISSN: 2633-304X
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The sharp drop in oil prices to around 50 dollars, half their average level last year, has forced a serious fiscal rethink among the six Gulf Cooperation Council (GCC) states, who…
The United Arab Emirates (UAE) economy is increasingly diversified, not least with the imposition of VAT since January 1 -- albeit at a low initial level of 5%. Fiscal…
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DOI: 10.1108/OXAN-DB229164
ISSN: 2633-304X
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OMAN: Muscat faces pressure for hard economic reforms
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DOI: 10.1108/OXAN-ES252324
ISSN: 2633-304X
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Oman and Bahrain, already struggling with rising public debt levels and high fiscal deficits, are in the most exposed medium-term position.
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DOI: 10.1108/OXAN-DB252404
ISSN: 2633-304X
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Manama is seeking multiple means to adjust to the impact of the pandemic, publishing a two-year budget in November that targets a steady decline in the fiscal deficit. Although…