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More Saudi policy U-turns will worry foreign partners

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SAUDI ARABIA

Both moves reflect the determination of de facto ruler Crown Prince Mohammed bin Salman to assert his strength. Internally, he renewed his dominance of the ruling family, against…

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…

Qatar will grow more assertive, but not hubristic

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QATAR

The withdrawal came with neither notice nor any obvious precipitating event, and is ultimately more a piece of political showmanship than a decision rooted in fiscal calculation…

Prospects for the Gulf states in 2022

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PROSPECTS 2022

Prospects for the Gulf states in 2022.

Oman’s green hydrogen sector will grow over the decade

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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…

Saudi Arabia's oil market policies will be aggressive

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SAUDI ARABIA

The oil cuts reflect the country’s newly assertive oil market policy that is largely driven by the need to fund the government’s economic programme. It also underlines Riyadh’s…

Dubai will draw in investment through share offerings

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UNITED ARAB EMIRATES

On the same day, its new USD450mn desalination project, publicised as the most sustainable in the region, was reported to be on track for completion. DEWA, the emirate’s principal…

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…

Prospects for Iran to end-2018

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PROSPECTS H2 2018

Prospects for Iran to end-2018.

Asian summits highlight contrasting trajectories

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ASIA

Indonesia hosted the 43rd ASEAN summit and related events, including the 18th East Asia Summit (EAS). India held its first-ever G20 summit. ASEAN’s chairmanship now passes to…