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. ...

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...

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...

Economic growth is primarily driven by fuel and mineral exports in many countries in the African region. Increased trade and investment cooperation and free trade agreements among the African countries have contributed to falling trade barriers and improved trade relations in the region. Europe and North America remain major destinations for export...

Oil prices might see some signs of stabilization given the discussions between Saudi Arabia and Russia in February 2016 to freeze crude oil production. Most of the oil exporting economies in the Middle East and African region, barring Qatar and United Arab Emirates due to their well-diversified economy, ended 2015 with abysmal economic fundamentals...

Middle Eastern economic growth is likely to remain somber due to the geopolitical turbulences throughout 2015 out of the collapse in oil prices as well as Iran nuclear deal. While Saudi Arabia is contemplating a loss of market share given increased oil production from Iran, The United Arab Emirates and Qatar are trying to remain resilient with impr...

Significant fall in oil prices has drastically altered public spending patterns throughout the region. Growing number of countries are trying to opt for a strict fiscal measures and tax impositions to combat fiscal deficit. Increased oil production from Iran post sanctions could pose greater geopolitical risks on the region’s overall economic hea...

Frost & Sullivan experts get together to present a series of executive briefings on the importance of emerging markets and why they are not just an option, but a necessity. We will be looking at the following markets through the course of this financial year: 1. Latin America - Brazil and Chile 2. Asia Pacific - South Korea and Indonesia 3. Chin...

Frost & Sullivan’s experts look into the rising opportunities and implications of developments in Nigeria in 2013. Nigeria is considered as one of the emerging markets in Africa with the highest growth potential and market size. The growing manufacturing and services sectors in Nigeria has surpassed that of the oil industry and presents many oppo...