Last chance saloon?
The region has perhaps its last chance to implement real economic structural change, analysts warn [...]
The region has perhaps its last chance to implement real economic structural change, analysts warn [...]
A GLOBAL boom in mergers and acquisitions (M&A) has largely bypassed the Middle East where regional deals are stalling as sellers refuse to budge on valuations despite a slumping oil price. [...]
SAUDI ARABIA, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. [...]
An area roughly the size of Washington DC is being developed on Saudi Arabia’s west coast. One day King Abdullah Economic City could be home to hundreds of thousands of people employed by a raft of world-class industries [...]
The GCC has proved to be surprisingly nimble in adjusting its rhetoric to the new normal of current oil prices. Will this be enough to effect structural change? [...]
Heads of state, cabinet ministers, business leaders, financiers and investors brushed shoulders last month in Dubai to consider the massive opportunity, and challenges, presented by Africa [...]
Riyadh reacted to a recent downgrade by S&P with heavy criticism of the ratings agency, but S&P is far from being alone in its analysis of the Saudi economy [...]
Given what it has to offer, Oman should be attracting far more tourists. A new government strategy due to be released soon could help it to make more of its potential [...]
Oman may be battling fiscal headwinds this year but its economy still retains some bright spots [...]
THE EMIR of Kuwait urged the cabinet and parliament to cut state spending in response to slumping oil prices, warning that any delay would increase the damage to the government’s finances. [...]