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Saudi Aramco IPO holds key to diversification plans

Location:

SAUDI ARABIA

This development is at the centre of 'Vision 2030', the kingdom's new medium-term strategy for reducing reliance on crude oil revenue and improving economic efficiency. The…

Greek debt deal will bring fresh elections soon

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GREECE

The new programme will support recapitalisation of the banking system, allow orderly -- rather than fire-sale -- divestment of state-owned assets and promote liberalisation of the…

Angolan government will point to early reform progress

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ANGOLA

The underperformance of the oil sector, coupled with a recent fuel distribution crisis, have combined to dampen growth forecasts for 2019. While President Joao Lourenco’s…

Greek government has made good start towards recovery

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GREECE

Mitsotakis government’s first moves.

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…

Angolan privatisation will test Lourenco reform agenda

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ANGOLA

Lourenco’s government launched in August its flagship Privatisation Programme (PROPRIV), with 195 companies and assets set to be either fully or partially sold. With a legal…

Turkey refinery plans ride on strong fuel demand

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TURKEY

Developments in oil refining.

South African entrenched interests could stifle reform

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SOUTH AFRICA

Although this was above market expectations and the economy has avoided entering a technical recession, fears persist over the slow pace of reforms by President Cyril Ramaphosa’s…