Entries for 'Middle East North Africa'
December 11, 2017
The recent withdrawal of Hariri's resignation, as prime minister, and the commitment of the cabinet to stay out of regional conflicts, will ease the p
November 30, 2017
We examine the trends and outlook in the Saudi Arabia's balance of payments. The deterioration in 2015-2016 was in the current account as falling oil
November 30, 2017
Growth will moderate due to fiscal consolidation. The fiscal deficit, while narrowing, remains large and the debt-to-GDP ratio is increasing rapidly.
November 7, 2017
We expect several months of political stalemate, but exclude a recourse to violence or war with Israel. A protracted political stalemate will weigh he
November 2, 2017
The UAE has been relatively resilient to the impact of the slump in oil prices owing to a relatively diversified economy, excellent infrastructure, po
October 26, 2017
The public debt-to-GDP ratio is expec
October 26, 2017
The statistical appendix provides summary data for the 14 countries that IIF Middle East Department covers (Algeria, Bahrain, Egypt, Iran, Iraq, Jorda
October 12, 2017
We expect GCC growth to pick up to 2% in 2018 from 0.2% in 2017, as oil production stabilize
October 4, 2017
Key recent economic indicators point to continued sluggish growth and deterioration in external position. Further fiscal consolidation needs to includ
September 29, 2017
Kuwait is well placed to withstand low oil prices given its low debt and enormous financial buffers, which allow the authorities to pursue gradual fis
September 29, 2017
The sizeable fiscal consolidation underway should put the fiscal positions on a more sustainable footing. Non-hydrocarbon growth will decelerate on th
September 15, 2017
The Qatari economy continues to adjust to the effects of sanctions by some Arab countries. Given the large public foreign assets, Qatar is a strong po
September 7, 2017
The Constitutional Council has suspended the new tax law. Fiscal adjustment should include both improvement in tax compliance and new tax measures. Wi
August 16, 2017
Our preliminary estimate' of real hydrocarbon growth in fiscal year 2016/17 is about 20%, much more modest than 62% as reported by Iranian authorities
August 10, 2017
Prolonged low oil prices and the need for further fiscal consolidation has shifted the economy to a lower growth path, which will not create sufficien
July 24, 2017
The financial sector is in a strong position to weather challenges of lower oil prices.' Further deceleration in deposits could curtail credit growth
July 7, 2017
Growth remained subdued, the deficits large, and public debt has risen to 151% of GDP. Without reforms the public debt burden will continue to rise, a
June 27, 2017
The oil crash has taken its toll on GCC stock markets which are still well below their average for 2014, with a market capitalization of $940 billion
June 21, 2017
With oil and gas prices expected to remain low, we are projecting the GCC fiscal deficit, excluding investment income to remain large, at $120 billion
June 21, 2017
Today's change in succession will reinforce the economic and social reforms of the 2030 Vision.' It puts an end to decades of conservative Saudi polic