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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…
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DOI: 10.1108/OXAN-DB251403
ISSN: 2633-304X
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Last month Carillion, the United Kingdom’s second-largest construction and outsourcing firm, went into liquidation. It employed 43,000 people and had 2017 revenues of 5.2 billion…
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DOI: 10.1108/OXAN-DB230001
ISSN: 2633-304X
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The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…
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DOI: 10.1108/OXAN-DB266151
ISSN: 2633-304X
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Geographic
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The sharp drop in oil prices to around 50 dollars, half their average level last year, has forced a serious fiscal rethink among the six Gulf Cooperation Council (GCC) states, who…
Outlook for Omani debt.
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DOI: 10.1108/OXAN-DB242732
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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GULF STATES: Debt sustainability outlook is mixed
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DOI: 10.1108/OXAN-ES212589
ISSN: 2633-304X
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A fiscal crunch exacerbated by the pandemic and associated oil-price crash has forced the authorities to step up long-term ‘Omanisation’ efforts, ultimately taking pressure off…
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DOI: 10.1108/OXAN-DB259114
ISSN: 2633-304X
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Prospects for Turkey to end-2017.
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DOI: 10.1108/OXAN-DB221613
ISSN: 2633-304X
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The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…