Russia's invasion of Ukraine and the evolving global response will be felt in the MENA economies mainly via the impact on commodity prices. Fuel...
Eurozone | EU faces tough trade-offs to phase out Russian gas
Posted by Daniel Kral on Mar 11, 2022
Following Russia's attack on Ukraine, the EU Commission has accelerated plans to phaseout Russian gas, with a two-thirds cut this year. To offset the...
Africa | Ripple effects of a Russia-Ukraine war
Posted by Callee Davis on Mar 3, 2022
The Russia-Ukraine war is set to have implications for economies across the globe and African markets won’t be spared. Trade disruptions and soaring...
Africa | Who will ride the oil price tailwinds?
Posted by Petro van Eck on Mar 1, 2022
Crude oil prices breached the $100pb threshold on February 24 as news broke that Russia invaded Ukraine. Geopolitical tensions, tight oil markets and...
Middle Eastern Cities: The long-term outlook
Posted by George Bowen on Jan 31, 2022
In 2021, there were 16 Urban Economic Powerhouses in the world (cities with GDP greater than $500bn), but none were located in the Middle East. By...
MENA | Higher oil income to propel GCC diversification efforts
Posted by Maya Senussi on Oct 1, 2021
The GCC recovery built momentum in Q3, thanks to vaccine progress, easing of health restrictions, and higher oil output. However, the bloc’s GDP will...
MENA | OPEC+ talks break down, Saudi tariffs, PMIs
Posted by Amy McAlister on Jul 8, 2021
OPEC+ negotiations to raise oil production in the coming months are indeadlock as the UAE opposed an extension of the deal beyond the current end...
MENA | Is the GCC facing up to its climate change quandary?
Posted by Scott Livermore on May 10, 2021
Climate change is an increasingly important issue in the GCC region and is receiving a sharper focus in growth and diversification plans in countries...
Saudi Arabia | Country Economic Forecast
Posted by Amy McAlister on Mar 10, 2021
Q4 GDP data for Saudi Arabia showed a 3.8% y/y fall, taking the full-year 2020 outturn to -4.1%, broadly in line with our forecast. Compared with the...