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MIDDLE EAST: Gaza war will weigh on economic outlook
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DOI: 10.1108/OXAN-ES286533
ISSN: 2633-304X
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The invasion of Ukraine is causing strains in Russian society to show, with opposition to another mobilisation and rising appetite for peace talks. The economy is overheating in…
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DOI: 10.1108/OXAN-DB284997
ISSN: 2633-304X
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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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EGYPT: Markets will look beyond the elections
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DOI: 10.1108/OXAN-ES283927
ISSN: 2633-304X
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He was speaking at the signing ceremony for the first USD845mn grant bolstering the national budget, under a new agreement signed this year. The Gaza war has exacerbated concerns…
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DOI: 10.1108/OXAN-DB283977
ISSN: 2633-304X
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The ruling means there is a gap of at least EUR17bn (USD18.4bn) in next year’s spending that needs to be addressed. The coalition parties are divided on how to resolve the issue.
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DOI: 10.1108/OXAN-DB283925
ISSN: 2633-304X
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The budget will amount to EUR24bn (USD28bn), with a deficit of 4.3% of GDP to support tax cuts and increased spending. The higher-than-expected deficit comes as economic growth…
EGYPT: Fears will rise over Suez Canal revenues
The decision to make Vestmodtransgaz the transmission system operator (TSO) will facilitate the overhaul of national gas utility MoldovaGaz. It will also deprive Russia of…
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DOI: 10.1108/OXAN-DB282048
ISSN: 2633-304X
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Israel’s war with Hamas is taking a growing toll on the economy mainly due to labour shortages. The economy has recovered quickly from previous short wars, but this conflict…