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1 – 9 of 9The 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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KUWAIT: Parliament will test reform priorities
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DOI: 10.1108/OXAN-ES285074
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB273230
ISSN: 2633-304X
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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 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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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…
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DOI: 10.1108/OXAN-DB253134
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB210577
ISSN: 2633-304X
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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
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Prospects for Middle Eastern oil economy to end-2022.