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Saudi fiscal constraints may undercut structural shift

Location:

SAUDI ARABIA

The fact that state salaries in the first half of 2020 exceeded total oil revenue underlines the scale of the task -- and the difficulty of achieving fiscal goals without major…

Iran may abandon austerity to pacify protesters

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IRAN

Beginning in the conservative city of Mashhad, the mostly small-scale and leaderless demonstrations spread across many provincial towns over several days, sometimes turning…

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…

Oil price drop piles more pressure on Iran's economy

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IRAN

Iranian officials appear to have been caught off guard by the collapse in oil prices. The draft budget for the fiscal year 2015-16 (March-March) was presented to the legislature…

Prospects for the Gulf states in 2020

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PROSPECTS 2020

Prospects for the Gulf states in 2020.

UAE economy will pull through downturn

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UNITED ARAB EMIRATES

UAE economic outlook.

Bahrain will press ahead with deeper economic reforms

Location:

BAHRAIN

The trial comes amid an escalating crackdown against domestic opposition forces. The crackdown has been presented as a response to Iranian-backed subversion, but the government…

Abu Dhabi's state-fuelled private sector may stagnate

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UNITED ARAB EMIRATES

Major banks and investment companies have also announced planned mergers in 2016-17. The Ipsos City Index in July named Abu Dhabi the second-best place to live and work…

Saudi capital spending allocations are on the rise

Location:

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…

Ambitious reform plan will test Saudi government

Location:

SAUDI ARABIA

Saudi National Transformation Program.