While the sharp recovery in global trade post-Covid has largely peaked, economies in the Gulf region are benefiting from the current spike in oil prices, as the gas price crunch has spilled over into the oil market
gcc economy
Fitch Ratings
Most Gulf sovereigns benefitting from oil price, reforms, says Fitch
Ratings agency says gradual return of global trade and tourism is brightening the economic prospects for much of the region
Corporate tax
The taxman commeth: Regional FDI and the new global corporate tax standards
There will be an impact on international companies doing business here, as well as those planning on coming to the GCC, and there are still a number of questions to be answered
economic outlook
How reforms, new growth drivers are helping GCC Covid-19 recovery
Diversification efforts continue though as the world accepts and moves towards a greener future, says ADCB chief economist
gcc economy
Revealed: How MENA equity funds performed in the first half of 2021
S&P Indices Versus Active Funds MENA Scorecard shows that 93% of regional funds underperformed in H1
gcc economy
The case against monetary largesse
While central banks have looked to stimulate economic growth by lowering interest rates to encourage investing and borrowing, the growth objective has not been met
crude oil price
Oil prices steady enough for Gulf countries to focus on diversification, say experts
While governments press on with recovery and diversification, analysts warn that oil prices aren’t out of the woods yet
Development Finance Institutions
The $100 billion prize: Development finance can boost economic diversity in the GCC
Foreign direct investment, which according to the World Bank has declined by about 40 percent as a percentage of GDP over the past decade, must be rekindled
GCC economic outlook
Regional business activity to be ‘subdued’ during Ramadan, predicts leading economist
Scott Livermore, ICAEW economic advisor and chief economist at Oxford Economics, expects growth to accelerate over summer months
gcc economy
Video: GCC looks to boost tax take, PwC report says
The tax environment in the Gulf is changing rapidly as boosting tax take has become a high priority as a host of factors have meant they have to shift strategies to further diversify their economies away from oil.
gcc economy
GCC looks to boost tax take with VAT and ‘sin tax’, new PwC report says
Spurred by coronavirus, lower oil prices, and a bigger global shift to clean energy, Gulf governments are going from no tax to low tax
GCC banking
How Gulf banks might control ‘bad loans’ amid ongoing pandemic crisis
Arthur D Little says it is inevitable that non-performing loans will rise ‘quite substantially’ in the next year or two
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
commodity
Goldman predicts plunge in Gulf borrowing needs
The Gulf Cooperation Council’s borrowing requirements could drop to $10 billion over the next three years if oil prices continue to stay elevated
Future Market Insights
How the pandemic recovery might look in the Middle East in 2021
The sentiment that perhaps best describes the new normal across the Middle East is tempered optimism, says Sudip Saha
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