Historic Israel-UAE Deal Promises To Boost Commerce

Historic Israel-UAE Deal Promises To Boost Commerce

Israel’s Economy Ministry calculates that the normalization of ties could increase exports to the UAE to US$300 million to $500 million annually while according to Moody’s Investors Services, UAE investments in Israel could reach US$350 million a year.

The Gulf Goes Green

The Gulf Goes Green

Facing the combined effects of Covid-19 and an oil crisis, GCC governments and banks are looking to accelerate economic diversification and transition to sustainable finance.

GCC's Borrowing Binge

GCC's Borrowing Binge

GCC-based countries are drawing down their foreign exchange reserves to protect their dollar pegs and tapping global debt markets for record amounts, along with corporates.

Uncertain Future For GCC SMEs

Uncertain Future For GCC SMEs

Outdated lending practices and a structural focus on government-related enterprises are keeping banks from backing the region’s beleaguered smaller companies.

Saudi Arabia: Austerity Drive Kicks In

Saudi Arabia: Austerity Drive Kicks In

Economic reforms are hampered by worries they might undo the tacit cradle-to-grave social compact between the monarchy and Saudi citizens that provides a safety net in return for political stability. 

Future Uncertain

Future Uncertain

The MENA region is rapidly minting millionaires, but the Covid pandemic and a generational shift in ownership of wealth promise changes in how it’s invested and in what.