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Oman’s green hydrogen sector will grow over the decade

Location:

OMAN

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…

Despite political headwinds, Qatar’s economy will grow

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QATAR

The fall, which is likely to prove temporary, broke a rising trend. Despite the freeze in relations between Doha and its neighbours, sizeable foreign assets have alleviated…

Egypt will aim to balance Russia and the West

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EGYPT

Russia is a valuable ally for Egypt. Apart from building the nuclear power plant, it is an important source of wheat, weapons and tourists. The war in Ukraine and the antagonism…

Jordan will struggle to attract investors and more aid

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JORDAN

However, Jordan continues to receive ongoing donor support and is beginning to make progress on some structural weaknesses, such as energy imports and poor tax collection, while…

Prospects for the Gulf states in 2022

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PROSPECTS 2022

Prospects for the Gulf states in 2022.

Saudi Arabia will lead Gulf funds’ inward focus shift

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GULF STATES

This echoed the strategy of the sovereign wealth funds of Gulf Cooperation Council (GCC) states after the 2008 global financial crisis, but there are several key differences: GCC…

Gulf economies are on a stable track despite risks

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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…

Jordan’s economic stability will hinge on foreign aid

Location:

JORDAN

This comes as an austerity drive, including a controversial law to expand income tax coverage, has sparked the most serious protests the kingdom has faced since the 2011 Arab…

COVID-19 and oil shocks raise Gulf recession risks

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GULF STATES

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…

Middle East and North African debt fears will rise

Location:

MENA

Like other fuel-importing countries in the Middle East and North Africa (MENA), it has large structural fiscal and current account deficits. These have resulted in climbing…