Stronger energy revenue for much of the year and liberalisation reforms have helped Saudi Arabia’s economy rebound in 2018, though falling oil prices late in the year and the potential fallout over security issues could affect growth moving forward.
The Middle East Economy
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Economic update | Saudi Arabia: Year in Review 2018
19 Dec 2018
Economic update | Abu Dhabi: Year in Review 2018
18 Dec 2018
Higher energy returns are expected to have led Abu Dhabi’s return to growth in 2018, with expectations of further expansion in 2019 as the government rolls out an extensive stimulus programme
Economic update | Dubai: Year in Review 2018
18 Dec 2018
Increased state spending on infrastructure and construction projects supported solid growth in Dubai’s economy in 2018, despite muted performances from some key sectors.
Articles & Analysis | Kuwait's account balance returns to a surplus as oil price recovers and diversification strategies implemented from The Report: Kuwait 2018
With 6% of the world’s proven oil reserves and 1% of its natural gas, Kuwait had an estimated GDP per capita of $71,943 in power purchasing parity terms in 2017, according to the World Bank. This was the eighth-highest value for any country or autonomous region, putting it behind only Qatar, Macao, Luxembourg, Singapore, Brunei Darussalam,...
Articles & Analysis | Kuwait Investment Authority, one of the world's largest sovereign wealth funds and a key public asset from The Report: Kuwait 2018
Despite volatility in international oil prices and delays in the implementation of economic diversification strategies, ratings agencies and the IMF agree the outlook for Kuwait is strong and stable, as it is home to substantial oil reserves and one of the world’s richest sovereign wealth funds (SWFs). Geologists calculate domestic oil fields...