The sharp drop in oil prices since mid-2014 is likely to lead to weakening economic, external and fiscal profiles for the region, particularly for the GCC, said a new analysis released by Standard & Poor’s.
However, of t
Confidence that the Gulf oil exporting states can ride out an era of cheap oil supported prices of their international bonds on Tuesday after Standard and Poor's cut its debt ratings or outlooks for several of the countries.
Without deeper reforms to its savings rate and competitiveness, Turkey risks lower medium-term growth that would leave it stuck in a "middle-income trap," the International Monetary Fund (IMF) warned in a report.
Arab Countries in Transition must pursue bold economic policy reforms to achieve economic stability and generate job-creating growth in the region, an IMF study has said.
The study, entitled “Toward New Horizons—Arab E
GCC economic growth is set to slow to 3.6 per cent in 2013 from 5.4 per cent in 2012 as the three-year surge in regional oil production comes to an end, a report said.
However, on the ground, business conditions are expected to re
China's exports grew at a slower pace than forecast in August while imports fell, underlining the mounting challenge facing Beijing's policymakers as domestic demand flags while the global economic outlook darkens.
The optimism towards the general economic outlook among chief financial officers (CFOs) in the region has reached its highest point in 18 months, said a study.
The Deloitte 2011 semi-annual Middle East CFO survey titled ‘resilient optimism
Brent crude oil futures fell below $120 on Tuesday for the first time in two weeks, pressured by concern over the economic outlook and the risk that high prices could erode demand.
By 1318 GMT, Brent crude was trading $2.20 lower at $119.4