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Saudi Aramco will seek to manage rapid industry change

Location:

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…

Gulf states: Western investment drive will accelerate

Location:

GULF STATES

This trend was sustained in 2023 with USD23bn worth of investments in US markets alone. However, Gulf investments are subject increasingly to greater Western scrutiny because of…

Eased travel to China will have limited success

Location:

CHINA

Measures include relaxed visa requirements and improved payment options. Visitors from some European and South-east Asian countries have joined a group of 17 other countries that…

Doha will hedge against LNG dependence

Location:

QATAR

Earlier in January, it awarded contracts to increase and sustain output at its main oilfield. Doha wants to dilute its overdependence on a single commodity and to extract value…

China will continue neutrality on Gaza war

Location:

CHINA

China has not sought to rival US efforts to manage the Israel-Gaza crisis. It has concentrated on deepening economic ties with the Gulf region while Washington faces growing…

Fast Ecuador security wins stoke longer-term issues

Location:

ECUADOR

He declared a state of emergency on January 9, giving the military a central role in tackling the crisis. The militarisation of security policy has reduced crime and increased…

Bahrain's energy transition will be slow

Location:

BAHRAIN

Its sovereign wealth fund, Mumtalakat, announced on November 30 that it was establishing a USD750mn fund to invest in climate-related projects. On the same day, the Bahraini…

Papua New Guinea instability will increase

Location:

PAPUA NEW GUINEA

Marape's government is attempting to manage growing political fallout from widespread rioting in January, economic dislocation arising from fuel shortages and a spiralling…

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…

Japan’s agricultural exports will increase

Location:

JAPAN

Although agriculture accounts for less than 1% of Japan’s GDP and total employment, its development has come into the focus of public attention amid rising food security concerns.