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Prospects for fossil fuels to end-2020

Location:

PROSPECTS

This is the minimum level needed to sustain government spending in many hydrocarbon-exporting economies. Gas markets have proven more resilient to the economic disruption of…

Algeria could be forced into external borrowing

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ALGERIA

The collapse of world market prices of oil and natural gas since early March will have a severe impact on the finances of the Algerian government, which relies on hydrocarbons…

The sluggish Emirati economy faces new challenges

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UNITED ARAB EMIRATES

This partly reflects the February 16 decision of DP World to delist its shares, which dominated the Nasdaq Dubai, but also comes amid other troubling recent economic developments…

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…

India’s Gulf ties will face setbacks in the near term

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INDIA

Indian nationals are struggling to maintain jobs in the Middle East as GCC states contend with historically low oil prices as well as the economic fallout of the pandemic. Gulf…

India’s Gulf relations will overcome recent setbacks

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INDIA

In June, he stopped over in the UAE on his return from the G7 summit in Germany, where he was a guest. India’s Gulf ties have recently encountered turbulence because of comments…

Gulf states' health reforms will hit unskilled workers

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GULF STATES

This followed Abu Dhabi's decision in June 2016 to boost mandatory insurance premiums for expatriates' basic healthcare entitlements. Nationals must also now make a co-payment…

Saudi Arabia’s football league will grow strongly

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SAUDI ARABIA

In June, the Saudi sovereign wealth fund, the Public Investment Fund (PIF), took over four domestic football clubs, including Al Hilal. The PIF is aggressively targeting European…

Prospects for Pakistan in 2022

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PROSPECTS 2022

Separately, the recent Taliban takeover of Afghanistan was a strategic win, given the military-security establishment’s long-standing support for the group. The Taliban’s 'Haqqani…

Remittance decline will further sap Yemeni resilience

Location:

YEMEN

A significant contributing factor is likely a sustained decline in remittances from workers in Gulf states, related to long-term policy changes as well as recent pandemic policy…