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Gulf set for large-scale drawdown of foreign assets

Location:

GULF STATES

Gulf debt and sovereign wealth funds.

Turkish go-it-alone policy raises currency crunch risk

Location:

TURKEY

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…

Risks to Turkish economic growth and stability mount

Location:

TURKEY

The long-running weakness of the lira, which accelerated this month, has forced up prices and market interest rates, depressed asset values, dampened confidence in the economy and…

Bahrain will press ahead with deeper economic reforms

Location:

BAHRAIN

The trial comes amid an escalating crackdown against domestic opposition forces. The crackdown has been presented as a response to Iranian-backed subversion, but the government…

Turkish drilling off Cyprus risks destabilising region

Location:

TURKEY/CYPRUS

Turkey is prospecting for hydrocarbons off Cyprus in direct response to the Cypriot government’s identification of major gas reserves. The Yavuz will drill in an area which the…

Abu Dhabi will boost oil output for energy transition

Location:

UNITED ARAB EMIRATES

This is part of a wider strategy to capture more value from hydrocarbons resources, launched after a major corporate restructuring following the 2015 oil price crash. The publicly…

Gulf states will boost oil output to varying degrees

Location:

GULF STATES

International decarbonisation calls have prompted the countries to maximise extraction as quickly as possible while demand and prices remain relatively high. Variations in the…

Oman's LNG exports will increase as oil plateaus

Location:

OMAN

Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…

Middle East politics will inhibit gas development

Location:

MIDDLE EAST

The developers of Israel's huge Leviathan offshore natural gas discovery in September signed the first export agreement from the field to supply Jordan's national power company…

Low monetary credibility keeps strain on Turkish lira

Location:

TURKEY

The recovery from the record low of 4.93 on May 23 may reflect officials’ efforts to counteract President Recep Tayyip Erdogan’s disastrous interventions in Turkey’s economic…