After almost 15 years of record low inflation, investors are once again having to contend with its corrosive impact. But for how long?
GCC economic growth
Economic activity
Why increased taxation should not form part of UAE’s economic recovery, says senior banking figure
Sunil Kaushal, CEO of Standard Chartered Africa and Middle East (AME) said the increasing price of oil and a focus on economic growth should be enough to push the recovery forward
Coronavirus Pandemic
MENA public debt levels set to rise at fastest rate this century
World Bank says lockdown measures introduced to combat the spread of the coronavirus pandemic left many of its economies in distress
GCC economic growth
Relative economic normalcy to return to Middle East in second half of 2021
The region’s economic growth will accelerate following the rollout of coronavirus vaccines, Oxford Economics report indicates
GCC economic growth
Indian expats return to the Gulf in large numbers after virus jobs blow
Indian minister says the Gulf region is seeing the largest number of Indians returning to jobs lost during the pandemic
GCC economic growth
Roll on 2021: After the crisis comes opportunity
A combination of promising vaccines, reinvigorated globalisation and accelerated digitisation are positive signals for a revitalised global business, says Hamza Farooqui
GCC economic growth
GCC economic recovery ‘to take several quarters’, says S&P
Ratings agency says rebound from twin shocks of the coronavirus pandemic and the drop in oil prices will take time
GCC economic growth
PwC’s chief economist forecasts 3% growth in the Gulf in 2021
Richard Boxshall shares five themes characterising GCC economies in the year ahead
2021 Predictions
Why we shouldn’t be fooled if the Gulf sees its strongest ever growth in 2021
Expert economic forecaster says headline figures for next year’s growth will be ‘misleading’ after the ‘wreckage’ of 2020
GCC economic growth
Video: How major UAE cities are shaping up to thrive in a post-coronavirus world
HSBC’s Professor Greg Clark says largest Gulf cities must prioritise sustainable innovation, empower human capital, and support new flows of trade.
GCC economic growth
Prince Turki Al Faisal: No Saudi treaty with Israel without Palestine
Despite the Abraham Accords, Saudi Arabia’s position on Israel has not changed since the 2002 Peace Initiative
Bahrain debt
GCC gov’t-related debt ‘significant and growing’, says Fitch
Ratings agency says non-bank government-related entity debt is as high as 32% of GDP in Oman
Association of Chartered Certified Accountants
Volatile oil prices dent Middle East business confidence in Q2 – survey
Global Economic Conditions Survey shows confidence levels in the Middle East are above average despite Q2 dip
Bahrain economy
IMF slashes MidEast growth projections over Iran sanctions
Global lender projects 1% economic growth for the Middle East, North Africa, Afghanistan and Pakistan this year
Bahrain economy
$43.7trn assets set to sustain Gulf economies through challenges
New research says combination of a strong portfolio of liquid assets and low debt levels are expected to keep GCC economies resilient
Brexit
UK eyeing free trade deals with Gulf countries after Brexit – Liam Fox
Secretary of State for International Trade hails trade relations between the GCC and the UK
Bahrain economy
GCC economy forecast to grow by 2.3% in 2019
New research indicates a marginal growth improvement on the previous year of 0.3% for economies in the Gulf region