GULF COUNTRIES

WANT IN-COUNTRY EXPERTISE TO HELP NAVIGATE AN EMERGING MARKET?

Country Analysts

Justin Alexander
Former Economic Advisor, Qatar Finance Ministry

Recent Country Insights

Gsp report report thumbnail
​Omicron and the Gulf: The hit to oil is fiscally manageable, as are health risks
GULF COUNTRIES - Report 30 Nov 2021
The emergence of yet another worrying Covid variant has raised concerns in the Gulf, as it has globally. No cases have been identified in the region yet, but its international connectivity, including as a hub for travel from Africa, does present vulnerabilities, as has been the case for previous ...

Gsp report report thumbnail
GULF WEEKLY: Covid variant knocks oil, MBZ visits Turkey, Kuwait fiscal data to October
GULF COUNTRIES - Report 26 Nov 2021
​A skimmable summary overlaid with our analysis and links. Headlines: * Oil prices took a hit, more from the new Covid variant than the US strategic reserves release plan. * Gulf states may be split on whether to pause the taper at next week's OPEC+ meeting. * A $15bn Aramco investment into ...

Gsp report report thumbnail
GULF WEEKLY: Kuwait’s Crown Prince will oversee government formation, QCB governor appointed, Saudi floating city envisaged
GULF COUNTRIES - Report 19 Nov 2021
​A skimmable summary overlaid with our analysis and links. Headlines: * Oil dipped below $80 on Covid concerns and the potential release of strategic reserves. However, continued production problems for some OPEC members is more bullish for 2022 prices. * Saudi Arabia naturalized new citizens...

Gsp report report thumbnail
GULF WEEKLY: Saudi issues bonds as Moody’s stabilizes, Kuwait pardons opposition and cabinet resigns, Oman slashes business fees
GULF COUNTRIES - Report 12 Nov 2021 1 response
A skimmable summary overlaid with our analysis and links. Headlines: * Saudi Arabia issued $3.25bn in 30-year bonds and 9.5-year sukuk and is looking to refinance a $16bn loan. * Moody’s raised the Saudi outlook back to Stable on improved fiscal policy effectiveness. * The Saudi flash GDP show...

Gsp report report thumbnail
GULF WEEKLY: Strong October PMIs, Dubai privatization drive, Dubai tourism rises in September
GULF COUNTRIES - Report 05 Nov 2021
A skimmable summary overlaid with our analysis and links. Headlines: * OPEC+ stuck with its 400k b/d taper in December, despite US pressure. Iran will return to nuclear talks at the end of the month. * MBS was a no-show at the G20 and COP26, although other Gulf leaders attended. Gulf states p...

Gsp report forecast thumbnail
SAUDI: The Q3 fiscal surplus means the 2021 outturn should nearly balance, and we expect a 2%+ surplus in 2022
GULF COUNTRIES - Forecast 03 Nov 2021
* The 0.9% of GDP surplus in Q3 was only the second on record in the quarterly series. * VAT revenue beat our expectations, and oil was in line, given higher prices and production. * Spending dipped in Q3 but is still likely to come in a little above budget. * We have halved our deficit foreca...

Gsp report report thumbnail
GULF WEEKLY: Saudi & Bahrain pledge net-zero, Kuwait oil capacity declines, Qatar plans citizenship reform
GULF COUNTRIES - Report 29 Oct 2021 1 response
​A skimmable summary overlaid with our analysis and links. Headlines: * Saudi Arabia and Bahrain made 2060 net-zero pledges. * Saudi Arabia issued a record number of investment licenses in Q3, persuaded more multinationals to base their regional HQs in Riyadh and saw improved attendance at th...

Gsp report report thumbnail
​The Gulf response to the coup is critical to Sudan’s future
GULF COUNTRIES - Report 27 Oct 2021
General Burhan likely assumed he could count on the Gulf support when he staged a military coup this week. However, the response from Gulf countries has been ambivalent, and the US is urging them to press Sudan for a return to the civilian-led transitional government. A year ago, Saudi Arabia an...

Gsp report report thumbnail
GULF WEEKLY: Qatar reshuffles cabinet, Kuwait prepares pardons, Bahrain talks with donors
GULF COUNTRIES - Report 22 Oct 2021 1 response
A skimmable summary overlaid with our analysis and links. Headlines: * Coronavirus cases and deaths are down about -95% from their peak, and restrictions are being lifted. * The IMF’s REO gave fiscal breakeven oil prices for 2022 from $44 (Qatar) to $107 (Bahrain). * Saudi Arabia is in a dis...

Cookies help us deliver our services. By using our services, you agree to our use of cookies.