UAE
The UAE’s diversification efforts are some of the most successful in the GCC, and the country boasts buoyant non-oil sectors including aviation, hospitality, banking and logistics sectors. As such, the UAE econo [...]
The UAE’s diversification efforts are some of the most successful in the GCC, and the country boasts buoyant non-oil sectors including aviation, hospitality, banking and logistics sectors. As such, the UAE econo [...]
Natural gas has transformed Qatar’s economy in recent years, bolstering national budget, trade surpluses and foreign reserves and helping fund massive infrastructure development schemes and enabling the country [...]
The sultanate’s economy is expected to undergo some downward revisions in growth, according to its central bank. Low oil prices have placed pressure on government spending and its fiscal and current account bala [...]
Kuwait has done little to diversify its oil-dependent economy, while slow reform has restricted its attractiveness to investors. The country is forecast to post a fiscal deficit of around $27 billion, the first defici [...]
Chaotic, riddled with corruption and dogged by unemployment and inflation, Iraq must grapple not only with security concerns, but also the impact of the dramatic drop in oil prices on its economy. Oil forms an overwhe [...]
While nearby Arab economies fed off the oil boom, Iran lurched from one economic crisis to the next. International sanctions played an increasingly important part in this. However, following an agreement with the P5+1 [...]
The kingdom’s economy is the most vulnerable in the Gulf to the dramatic drop in oil prices. The country’s budget deficit for 2015 and 2016 could hit BD2 billion for 2015 and BD3 billion this year. Bahrain [...]
The UAE’s diversification efforts are some of the most successful in the GCC, and the country boasts buoyant non-oil sectors including aviation, hospitality, banking and logistics sectors. As such, the UAE economy is perhaps best placed to ride the [...]
The region’s largest economy, still heavily oil-dependent, has been hit hard by continued oil price declines, which contributed to a deficit of SR367 billion last year. The government hopes to reduce the deficit to SR326 billion this year, introduci [...]
Natural gas has transformed Qatar’s economy in recent years, bolstering national budget, trade surpluses and foreign reserves and helping fund massive infrastructure development schemes and enabling the country to take on the massive financial burde [...]