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Search results for: 'saudi'
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07 Feb 2019 | Africa | Economic and Databases
Middle East and Africa (MEA) Economic Tracker—Insights and Trends, H2 2018
Privatization Led Non-oil Sector Growth Drive Economic Growth in the Region
Economies of the Middle Eastern countries will remain modest due to higher oil exporting revenue being moderately offset by recession in Iran. Higher oil prices are expected to drive oil and gas and hydrocarbon sector in the region, with Saudi Arabia leading the pack in 2019. OPEC oil production dipped in November 2018 due to fall in Iranian produc...
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07 Feb 2019 | Africa | Economic and Databases
Middle East and Africa (MEA) Economic Tracker—Insights and Trends, H1 2018
Higher Oil Prices Drive Growth Recovery
Economic recovery in Saudi Arabia will continue to be supported by pick up in oil production to compensative for output decline in Iran. While Aramco privatization is delayed, Saudi aims to generate $11 billion non-oil revenue through privatization program by 2020. The killing of journalist Khashoggi heightened capital flight in October 2018, as th...
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21 Nov 2019 | Africa | Tracker
Middle East and Africa (MEA) Economic Tracker, H2 2019
Economic Slowdown Dampening Growth Prospects
Major economies in the Middle East and Africa experienced an economic slowdown with GDP growth rate declining for Saudi Arabia, United Arab Emirates (UAE), Nigeria, Qatar, Israel, and Iran in the second quarter of 2019. The area is affected by volatile oil prices, and in Q2 especially, there was a decline in oil prices and production cuts by OPEC. ...
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07 Aug 2023 | Africa | Market Research
Gulf Cooperation Council and Africa's Economic Diversification and Emerging Non-Oil Growth Opportunities
Green Energy Transition, Manufacturing Localization, and an Innovation-driven Digital Economy to Stimulate the Non-Oil Economy through 2030
During the past decade, policy tied to diversification into the non-oil economy has taken center stage as GCC and African oil and gas exporters prioritize expansion of the non-oil economies through their long-term vision plans. Despite challenging global economic conditions, several GCC and African countries are accelerating their pace of economic ...
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