Gulf Economic Barometer
The Gulf Economic Barometer monitors initiatives taken by Gulf states as they seek fiscal, monetary, and trade policy changes to meet the challenge of reduced state revenue from natural resources. The key trend is a major shift in the way Gulf Arab countries have been spending on public sector wages, infrastructure, and social services over the last decade. The GEB documents the policy changes as they are announced and/or implemented by country and by sector and is updated regularly as data becomes available. The information here is neither official nor exhaustive.
Oman's state-owned Duqm refinery closes $4.6 billion in financing from domestic and international sources.
Market Watch: Payment Delayed: The Economic Risk of Gulf Contracting Practices
by Karen E. Young
Like the Bin Laden Group and Saudi Oger, Carillion has proved that the construction of megaprojects in the Gulf, however lucrative and central to state-led development plans, is full of pitfalls.
Market Watch: Oman’s Investment and Reform Strategy: “Slow and Go”
by Karen E. Young
Oman exemplifies the challenges of generating investment and infrastructure growth with diminishing fiscal resources.
Market Watch: Economic Nationalism at the Expense of GCC Integration
As a burgeoning global trend, economic nationalism is also surging in the Gulf states. What may be lost is the decade of efforts in economic integration and negotiations to make the GCC work as a common market, with complementary assets.
Market Watch: Oman’s Fiscal Management Problem
by Karen E. Young
For Oman, balancing domestic pressures against necessary economic reforms is proving difficult.
Market Watch: Pricing the Trump Risk in Gulf Economies
by Karen E. Young
The beginning of the Trump administration points to, at the least, a heightened period of political and economic risk, which Gulf governments, financial institutions, and businesses will have to price, assess, and manage.
Market Watch: International Trade, Investment, and Finance in the Trump Administration
by Karen E. Young
Trump’s pro-growth agenda will need partners, and the GCC states are also looking for investment partners in their diversification efforts and for placements for state-owned investment vehicles. It will be the politicization of these partnerships that will create the most risk.
Market Watch: GCC Sovereign Debt in a Low Yield World
by Karen E. Young
Low yields result in more accessible capital for GCC states, however repayment could be a challenge in the long term.
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Market Watch: The Debt Roadshow Begins
by Karen E. Young GCC states show significant interest in sovereign debt, in the form of bonds and loans.
Market Watch: Business Politics in the Gulf
A brief look at state-business relations in the Gulf Cooperation Council states.Market Watch: Drop in the Bucket: Reduced Fuel Subsidies Offer Little Deficit Relief
by Karen E. Young The GCC states have drastically reduced fuel subsidies, however have yet benefit from deficit relief.