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Middle East and North Africa will lead tourist rebound

Location:

MIDDLE EAST/NORTH AFRICA

The Middle East has been a key market in the post-pandemic rebound in global tourism, boosted by one-off events in the Gulf Cooperation Council (GCC) in 2022. GCC states are…

Economic goals of Dubai and Abu Dhabi will diverge

Location:

UNITED ARAB EMIRATES

Despite its promotion of an innovation ecosystem to attract start-ups, Abu Dhabi has overall made little progress in addressing the impact of the clean-energy transition on…

Bahrain’s growth plan faces regional challengers

Location:

BAHRAIN

Manama exceeded its own fiscal and economic expectations in 2022, as the budget came close to balance one year earlier than targeted and real non-oil GDP surged by 6.2%, driving…

The sluggish Emirati economy faces new challenges

Location:

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

Location:

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…

Prospects for the Gulf states in 2021

Location:

PROSPECTS 2021

However, sectors such as tourism remain subdued and the continued weakness in the oil market, despite decisive action by OPEC+, has driven deficits up sharply. Serious political…

Saudi social reforms will create economic openings

Location:

SAUDI ARABIA

The rapid social changes under way, such as letting women drive and reopening cinemas, largely focus on creating new economic opportunities. They also serve a political purpose…

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…

Deepening Saudi-Emirati cooperation may be divisive

Location:

SAUDI ARABIA/UAE

Saudi-Emirati strategic partnership.

New Saudi airline will increase regional competition

Location:

SAUDI ARABIA

The new airline targets having 100 destinations by 2030, generating more than 200,000 employment opportunities and adding USD20bn to non-oil GDP growth.