Entries for 'Middle East North Africa'
June 19, 2017
Based on our detailed macroeconomic framework for the GCC countries, we expect fiscal breakeven oil prices to decline further in the coming years Gove
June 19, 2017
The Omani economy is one of the most vulnerable of the MENA countries to prolonged lower global oil prices. We expect real GDP growth to slow to less
June 15, 2017
Matching the Fed's interest rate hike yesterday, four Gulf central banks raised their key policy rates in the context of the peg against the dollar.
June 13, 2017
Inflation will decline gradually from around 30% in May to 18% by the end of this year helped by a tight monetary stance and the waning effect of the
June 13, 2017
Audio titled IIF's HUUGE Podcast Episode 4: An In-Depth Look at US Energy Policy by IIF's Huuge! Podcast wit
June 7, 2017
Saudi Arabia, UAE, Bahrain, Egypt, Jordan, and few other allied countries have cut diplomatic ties and transport links with Qatar, the largest LNG exp
June 6, 2017
GCC public foreign assets have been relatively resilient and are projected at a still sizable $2.3 trillion in 2017 (140% of GDP), down from a peak of
May 22, 2017
The Saudi economy is highly vulnerable to prolonged lower global oil prices. With still glut in the oil market, the potential of recovery in oil produ
May 11, 2017
The authorities have recently published quarterly fiscal data for the first time. Although the figures are better than expected, recent rollbacks in s
May 11, 2017
While the adjustment underway has been painful, it will help Egypt restore macroeconomic stability and promote higher and sustainable growth beyond th
April 25, 2017
Limits on fiscal consolidation. King Salman has recently reversed some of the fiscal consolidation measures by restoring allowances and bonuses for pu
April 19, 2017
Our recent visit to Bahrain coincided with the Grand Prix, with its success reflecting the fading impact of unrest after the Arab Spring. Despite the
March 17, 2017
GCC Central Banks Match the Recent Rate Hike in the US Despite a slowdown in economic activity due to serious fiscal consolidation and the oil crash,
March 2, 2017
We expect president Hassan Rouhani to be re-elected for a second four-year term in May 2017.' Real GDP growth is expected to reach 5.7% in FY 2016/17,
February 10, 2017
The UAE economy has been relatively resilient to the impact of the slump in oil prices as it has benefited from a relatively diversified economy, exce
February 9, 2017
Is the reflation trade coming back? China - capital outflows remain large India - RBI surprises, keeping rates on hold MENA - short-term pain, long-te
February 8, 2017
We expect Brent oil prices to average $52 per barrel this year and stay in the range of $52-60 per barrel through 2020. Higher global oil prices will
January 10, 2017
The 2017 budget envisages spending increase of 6% as compared to the 2016 budget. However, the settlement of arrears caused actual spending in 2016 to
December 5, 2016
Despite the crash in oil prices, economic activity has been surprisingly resilient and the adverse impact of unrest in 2011 has faded. Tourist numbers
November 2, 2016
In spite of the oil price shock, economic activity has been robust until recently, but we expect nonoil growth to slow to about 1% in 2016.' With larg