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Foreign firms' influx will accelerate Saudi change

Location:

SAUDI ARABIA

Without this, companies will not be awarded any government contract worth more than SAR1mn (around USD220,000). To date, the government has issued 162 regional headquarters…

Pakistan will be optimistic about its IMF talks

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PAKISTAN

Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…

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…

Russian oil exports will be tested in future

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RUSSIA

Most of Russia’s hydrocarbon export revenues are generated from oil now that gas sales have collapsed. Ambitious state spending plans are based on oil revenues rising this year…

Gaza will strain but not break Gulf-Iranian detente

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GULF STATES

While tensions across the region have risen sharply, Gulf and Iranian officials have engaged in regular and high-level dialogue that has so far prevented a wider conflagration…

Riyadh’s judicial reforms will help drive investments

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SAUDI ARABIA

Measures include a new civil code, the Civil Transactions Law, which came into effect in December 2023 and aims to provide comprehensive coverage of all aspects of contracts…

Russia’s ties with Iran will grow stronger

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RUSSIA

War, sanctions and a mutual desire to overturn US-led regional security orders have pushed Moscow and Tehran closer together. Moscow desires to turn what has historically been a…

Prospects for Iran in 2024

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PROSPECTS 2024

The government will seek to boost turnout without opening up any more political or social space, and conservatives will maintain their thorough monopoly of power. However…

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…

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…