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Economy News & Analysis

Egypt expects car market to double in five years

General Motors halts Egypt operationsSubscription

Import industries have been under pressure in Egypt since 2011

Saudi Arabia

Saudi Arabia’s reserves dropped $116bn in 2015Subscription

Reserves fell 3 per cent in December

Al-Zadjali: Omani banks capitalised above Basel III

Oman considers EurobondSubscription

Muscat to borrow up to $10bn

Sheikh Mohammed bin Rashid al-Maktoum

UAE restructures federal governmentSubscription

Shake-up involves merging ministries

Cairo, Egypt streets

Egypt World Bank loan delayedSubscription

Cairo’s hesitation stems from government’s reluctance to impose value-added tax amid rising living costs

Saudi soldiers

Saudi Arabia offers ground troops in SyriaSubscription

The use of ground troops has been discussed in the past

Wheat

Egypt cancels wheat tenderSubscription

Country is the world’s largest importer of wheat

Baghdad

Iraq to build wall around Baghdad to repel Isis Subscription

Work has started on 65-kilometre stretch of the wall

Venezuela’s Minister of Petroleum Eulogio del Pino

Venezuela to push Gulf states for oil production cutsSubscription

Venezuelan oil minister Del Pino is expected to push for an agreement on cutting production

Syrian refugee children at the Al-Zaatari refugee camp in the Jordanian city of Mafraq

Jordan appeals for help to handle refugeesSubscription

Country has received 600,000 UN-registered Syrian refugees

Soldiers in the Iraqi army

Baghdad forced to withdraw forces in Iraq’s southSubscription

Pressure from Shia militias sees troops removed from oil-rich region that surrounds Basra 

Egypt farm

Egypt plans to set up commodities exchangeSubscription

Egypt is currently the world’s largest importer of wheat

Oil derricks

Six jailed in Algerian oil company corruption trialSubscription

Crimes relate to awarding of Sonatrach contracts

Oman money

Oman announces further debt issuanceSubscription

Muscat to tap domestic market again

Cairo in Egypt

Cairo eases dollar deposit regulationsSubscription

The central bank has applied amendments to what it calls ‘high-priority’ sectors

UN envoy Staffan de Mistura speaks to Syria's ambassador to the UN Bashar al-Jaafari (right) during the Syria peace talks in Geneva, Switzerland

Syria peace talks take place in GenevaSubscription

Main opposition bloc has decided to join negotiations

Doha

Qatar cuts jobs across multiple sectorsSubscription

Qatar Railways Company among companies laying off employees

Manama financial district, Bahrain

Bahrain economic growth to slow further in 2016Subscription

Inflation will also rise as economic reforms are introduced

Qatar's Emir Sheikh Tamim bin Hamad al-Thani

Qatar restructures its cabinetSubscription

Sheikh Mohammed bin Abdulrahman al-Thani appointed foreign minister

Education

Saudi Arabia to develop PPPs for educationSubscription

 Move to improve quality of learning could revolutionise kingdom’s education system

Philippa Wilkinson

Focus on problem loansSubscription

A difficult 2016 will show which banks and borrowers can balance their books

Richard Thompson new

Project finance key to 2016 successSubscription

Low oil prices are creating opportunities for private finance but collaboration is needed to overcome challenges      

Philippa Wilkinson

The challenges of population growthVideoSubscription

Reform and investment is needed for the region to take advantage of demographic trends

Will Crisp

Healthcare sector job cuts highlight Doha's depopulation fearsSubscription

A decade of rapid population growth comes to an end

Hossam Abougabal

Egypt welcomes Chinese support as oil prices continue to plummetSubscription

China has announced a number of financial commitments ahead of the President Xi’s visit to Cairo on 21 January

Tehran, capital city of Iran

Making the most of IranSubscription

Sanctions are off the Middle East’s second largest economy, but business is going to need a coherent long-term strategy

Edmund O'Sullivan

Getting Saudi Arabia wrongSubscription

Commentators must understand that oil, Iran and the US are factors in shaping Riyadh’s politics

Philippa Wilkinson

GCC gets serious on subsidiesSubscription

After years of debate, the region’s governments are finally cutting subsidies, but the timing is poor

UAE banking sector set for tough 2015

UAE banks feel the pinch as regulator ramps up pressureSubscription

The country’s central bank has asked lenders to maintain permissible limit in various ratios which reflect the health of the banking system

Jennifer Aguinaldo

Counting the costs of the Yemen warSubscription

Latest peace talks resulted in an agreement to keep talking while missiles kept firing

Hossam Abougabal

Defence spending increases despite cautious budgetSubscription

The kingdom’s defence spending has been growing by an average of 19 per cent a-year since 2001

Colin Foreman

Slow 2016 as Riyadh takes stock of projectsSubscription

There could be new long-term opportunities in the kingdom for companies prepared to adapt

Philippa Wilkinson

The Arab Spring: from hope to despairSubscription

The region still needs to tackle economic and social divides

Philippa Wilkinson

Saudi Arabia's aid to EgyptSubscription

Egypt’s support for Saudi Arabia’s Islamic coalition coincides with a major aid package