Industries

The growth outlook for the Middle East countries in Q3 2017 was somber amid burgeoning geopolitical crisis and ongoing low oil prices. The Saudi Arabian economy continued deterioration in 2017 registering negative growth rates in Q1 and Q2 2017 owing to The Organization of the Petroleum Exporting Countries (OPEC) agreement on curbing oil production...

Low oil prices will continue to take a toll on the economic health of the gulf economies in the second quarter of 2017. Low energy prices leading to burgeoning fiscal deficit have adversely affected Qatar’s economic prospects. Output in the oil and gas sector remained flat and GDP growth appears to have contracted in Q1 2017. The multi-year $200 ...

The economic outlook for the Middle Eastern countries is challenged by the continued oil price sluggishness. The fiscal consolidation measures will continue throughout 2017 to combat deficit and is expected to ease in 2018 if oil prices uptick. On one hand, the first half of 2017 is being characterized by Saudi Arabia led oil production cut agreeme...

Mounting geopolitical risks dampen the growth outlook for the Middle East countries despite higher oil prices and strong global growth. The intensified political instability in Saudi Arabia with the large scale operation by the Crown Prince to curb corruption led to oil price hitting over two-year high. The economy is expected to stabilize in 2018,...

The growth outlook of Q2 2015 for Emerging Middle East and African remains strong undeterred by the shrinkage in oil revenue. Declining oil prices aggravate the essence of diversification and thus, non-oil sectors like agriculture, banking, finance and tourism are anticipated to play a substantial role in the progress of the economy in H2 2015. Rap...

Robust improvement in consumption demand, generous government support, and improvement in public sector spending on infrastructure are expected to register steady growth in the Middle East and Africa in 2015. However, pragmatic macroeconomic policies to stabilize the global oil price fluctuations at $50to $60 per barrel in 2015 are likely to remain...

Economic recovery of the Middle Eastern economies is anticipated to be weaker in H1 2014 because of the increase in regional security concerns, ongoing political unrest, weak economic policies, and sluggish recovery of the global economy. Fiscal and external deficits will remain major areas of concern, especially in countries most adversely affecte...

Advanced economies are getting stabilized; this provides a boost to the growth of the Emerging Middle East and African countries in H2 2014. Majority of Middle East and African economies are heavily commodity export dependent. The total value of goods exported by the region largely comprises commodities (with more than 50% share), making the count...