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Foreign automotive investment is still key for Turkey

Location:

TURKEY

Ankara is trying to strengthen its automotive industry at a time of rapid technological change, ever-tighter environmental regulations and growing competition from China. It…

Saudi presence in the Balkans could grow

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SAUDI ARABIA

Recent engagement with Montenegro is testimony to this, reflecting Saudi religious and economic interests in the region. Traditionally, Turkey enjoyed influence in the Balkans…

Turkey will reduce inflation gradually

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TURKEY

Although the central bank has increased interest rates substantially since June 2023, the effects on economic activity and inflation have been limited. Prices and policy…

Saudi capital spending allocations are on the rise

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SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Saudi Aramco will seek to manage rapid industry change

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SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Gaza war will hike Israeli and Mideast gas risk

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MIDDLE EAST

The Israel-Hamas conflict that started on October 7 has had a direct impact on Israel’s gas supply. Following the Hamas attack, the Israeli government stopped production at the…

Turkish foreign policy will seek a power balance

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TURKEY

Turkey’s confrontation with the Kurdistan Workers’ Party (PKK) is a key driver of regional and to some extent international policy. Erdogan’s comfortable victory in the May 2023…

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…

Morocco will press on with its outreach to the Sahel

Location:

MOROCCO

During that meeting, discussions focused on a Moroccan proposal to grant these landlocked countries access to the Atlantic Ocean. The proposal hints at a transactional…

Limits to Russia’s ties with Turkey will persist

Location:

RUSSIA

Energy ties, already deep, have expanded since 2022 as part of a broader reorientation of Russian commerce away from the West. The similarly authoritarian leadership styles of…