Global collapse of Gulf climate; The Maghreb region faces mixed fortunes amid rising inflation; GCC banks emerge in stronger shape after pandemic
Troubled times are upon us. Covid-19 continues to test supply chains, inflation is rising and tensions are rising geopolitically.
The conflict in Ukraine has started a new Cold War between the West and Russia, while the Middle East is rocking with wars in Syria and Yemen, and other countries such as Libya and Lebanon are moving from one crisis to another.
In contrast, the six GCC countries have become more stable since the signing of the Al-Ula Declaration in January 2021, ending the Qatari diplomatic dispute.
High oil prices have given the six GCC states more fiscal headroom, allowing them to reduce the austerity measures that dominated the economic agenda after the 2014 oil price crash.
While this suggests that the GCC will avoid recessionary strains felt by the rest of the world, the more fundamental question is whether the region’s strong fundamentals and energy export levels will benefit. Protect it from the predicted global economic collapse.
Read why the GCC is such a combination of stability and opportunity An important market for international companies in the August issue of MEED Business Review..
This month, MEAD also presented a special report Gulf BanksAnd it’s got GCC lenders in an upbeat mood thanks to strong liquidity and growing profits alongside rising interest rates.
The August 21 pages of the market focus on the Maghreb will discuss the project markets and the political situation. Algeria, Libya, Morocco And Tunisia.
We hope you enjoy MEED Business Review August 2022 Edition..
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Sections to be read in August 2022 MEED Business Review Edition. Include:
> Agenda: The Gulf countries hope to withstand the coming storm
> ProjectsLong-term plans support project activity
> OPINION: Hard times for aviation
> MEED Comments: Mitigating the Impact of Rising Costs/
The United Arab Emirates has placed the hope of foreign investment on ADNOC
> Monthly summary: 13 key developments in the region
> BIDEN in the Middle EastBiden’s trip paved the way for the Saudi-Egyptian road
> MEID Economic Activity IndexEnergy prices in GCC
> Gulf Bank Report: Regional Banks Out for Air
> Energy transferIndependent water projects will continue to accelerate
> Interview: GlassPoint focuses on the industrial process sector.
> UK-GCC trade: UK begins free trade talks with GCC.
> Gas: Qatar scripts success story for LNG sector
> Leadership: Middle East leaders support carbon credit market
> Expo: Expo City caters for business purposes
> Maghreb Market Focus:
> Algeria has avoided a diplomatic setback.
> Libya is again divided into East-West division
> Rabat suffers from economic exposure
> Tunisia is close to the end of the rope
> Market snapshotOman’s hotel pipeline supports the growth of tourism
> Market discussionThink smart for a green future
> GULF Projects Index: The Gulf Projects market declined in June
> June 2022 Contracts: Saudi Arabia buys the price of regional agreements.
> Business Perspective: Finance, Oil and Gas, Construction, Power and Water Contracts
