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Economy News & Analysis


Kuwait replaces oil ministerSubscription

Anas al-Saleh named as acting oil minister

Abu Dhabi

UAE downplays Israel office in Abu DhabiSubscription

Mission-level office to be accredited to International Renewable Energy Agency


Kuwait sees record project awardsSubscription

A total of $30.1bn-worth of contracts have been awarded so far this year


Kuwait forms new body to develop road projectsSubscription

New public body will also oversee operation of planned metro and railway projects


Kuwait to spend $93bn in new development planSubscription

This will involve significant investment from the private sector

Kuwait housing

Kuwait plans new citiesSubscription

Housing developments to be built with private sector participation


World Bank set to release $1bn to EgyptSubscription

Cairo finds itself reverting back to support from international financial institutions

Russian fighter jets

Turkey downs Russian jet near Syrian borderSubscription

Turkey is the first Nato member to shoot down a Russian plane in over half a century

Saudi Arabia forms $10bn investment fund

Saudi Arabia to impose 2.5 per cent land taxSubscription

According to government statistics, there are currently 750,000 families eligible for public housing

Hezbollah fighters

Lebanon appoints US consultant to improve border securitySubscription

The neighbouring Syrian war has had a significant security impact on Lebanon

Amal Abdullah Juma Karam al-Qubaisi

UAE federal authority appoints first female chairpersonSubscription

Al-Qubaisi’s appointment seen as historic across the GCC states

Fibre optic cable

Oil price decline accelerates innovation investmentsSubscription

UAE government plans to invest $82bn on science, technology and innovation

Members of Egypt's High Elections Committee attend a news conference in Cairo on 30 August

Second round of Egypt's parliamentary elections beginSubscription

Egyptians will elect 596 members of the House of Representatives

Japan to provide soft loan for Egypt irrigation project

Egypt requires drastic changes to forex policies Subscription

Interview with Radi el-Helw, executive director, Arqaam Securities

Egypt power

Egypt seeks loans from South Korean development fundSubscription

Egypt in talks with South Korean fund for two loans totalling $247m

Aqaba, Red Sea, Jordan

Jordan to miss growth forecast Subscription

IMF may downgrade kingdom’s growth forecast for a fourth time this year

CT scanner

Dubai's Al-Masah plans subsidiary IPOSubscription

Healthcare provider to be listed in London

Saudi Arabia housing

Saudi land tax legislation in final stages Subscription

Saudi Arabia has been discussing land taxes since 2014

Electricity pylons

Alstom to pay $772m bribery fineSubscription

Bribery case involved transactions committed in Saudi Arabia, Egypt 

President Vladimir Putin of Russia and President Abdul Fattah al-Sisi of Egypt

Russia says bomb caused Egypt crash Subscription

Russia joins US and UK in saying the Metrojet plane was brought down by a bomb on board

Philippa Wilkinson

Kuwait promises much on projectsSubscription

The challenges on delivering its ambitious infrastructure plans are significant

Jennifer Aguinaldo

Innovation key to oil-price proof GCC economiesSubscription

Lack of abundant fossil fuel resources drives innovation and vice versa

Colin Foreman

Qatar is global economy bright spotSubscription

Economy underpinned by infrastructure spending and new gas field

Philippa Wilkinson

Kuwait and Tunisia's bumpy road to PPPSubscription

New legal frameworks build on earlier lessons

Philippa Wilkinson

Low oil prices threaten Oman’s investment plansSubscription

Major schemes could be delayed despite the turn to PPP

Hossam Abougabal

Egypt must react with economics not politics to Metrojet crashSubscription

Egypt’s economic revival set to slow down as tourism sector faces inevitable hit

Colin Foreman

No gain without pain for Saudi projects sectorSubscription

Cost cutting measures mean there could well be more work completed than awarded

Colin Foreman

Riyadh's move to confront criticism may backfireSubscription

There has been a broad range of allegations aimed at Saudi Arabia

Hossam Abougabal

Egypt must shrug off old habitsSubscription

More changes needed to attract more foreign investment

Philippa Wilkinson

IMF projections are too optimisticSubscription

The latest regional economic outlook from the fund includes the assumption that all regional conflicts will end on 31 December 2015 and war-torn nations will quickly be put back on the path to growth

Wil Crisp

Fear of Kurdish contagion growsSubscription

Political disputes in Iraqi Kurdistan are likely to aggravate instability beyond its borders

Mark Watts

GCC policymakers face tough 2016Subscription

With crude prices not expected to recover, oil exporters look to issue debt and reform subsidies

Colin Foreman

Saudi Arabia to learn the cost of not spendingSubscription

Cutbacks to curtail growth in 2016

Mark Watts

Nuclear deal not enough to heal fractured US-Iran relationsSubscription

Vienna deal represents a diplomatic breakthrough, but mutual mistrust is deep rooted

Jennifer Aguinaldo

New PPP laws just a first stepSubscription

Model requires political will and mindset shift to succeed

Robert Jones

UN Assembly exposes Middle East inaction over SyriaSubscription

Speeches from regional leaders focused on the spread of violence

Hossam Abougabal

Egypt’s devaluation conundrumSubscription

The debate has dominated the agenda for six months

Colin Foreman

Low oil prices will have a far-reaching impactSubscription

Government spending in the future will be more considered

Andrew Roscoe

Chinese participation could benefit both partiesSubscription

Capacity for financing and lower costs will bring benefits for the region’s clients

Mark Watts

Remaining US sanctions complicate Iran investmentSubscription

Companies must navigate measures imposed in 1995 to evade US sanctions regime