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Global Economy

Stock market tensions and the impact on the GCC

Jaime de Piniés Bianchi's picture
Also available in: Français | العربية
 Fedor Selivanov l Shutterstock.com

The slowdown in China and the weak recovery in Europe and the United States has also impacted Commodity markets.  Oil prices, however, had held firm until the decision of Saudi Arabia in mid-2014 to support its market share rather than prices.

Gulf women and competing economies

Dr. Amal Mohammed Al-Malki's picture
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‘Arab Women’ are the subject of Western and Eastern curiosity and, often, fascination. However, most attempts to investigate ‘Arab Women’ reduce them to one entity, ignoring their multitude of experience.  The fact is Arab women are very different from each other.  Just like everyone else, their realities are shaped by different personal, social, economic, religious and political factors. Arab women are the products of their diverse societies. Yet, the impact of differences on women’s lives are rarely captured or studied, much less understood. 

What Smart(er) Politicians Do With Subsidies: Jobs

Heba Elgazzar's picture
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What makes smart politicians?  Jeffrey Frankel has an idea.   His recent blog examines the allure, and trap, of universal subsidies.   For one thing, they know that pulling the plug on bad policies should be done sooner rather than later.  The same can be said of other policies related to investment and labor legislation.  Economic democracy is a great thing.  However, beware of misguided routes to achieving it. 

Rising Fiscal Deficits Coupled with Weak Business Environments a Challenge across the Middle East and North Africa

Lili Mottaghi's picture
Also available in: العربية | Français

Seven countries in the Middle East and North Africa (MENA) region --Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya (MENA 7)--are facing similar economic problems:  i) volatile growth that has remained significantly below potential; ii) limited fiscal space resulting from rising budget deficits, public debt and declining foreign reserves that have reduced savings available for public and private investment; and iii) a weak private sector that is far from becoming a driver of growth and creator of jobs. 

Can Seven Middle East and North Africa Countries Break the Poor Policy – Poor Growth Cycle?

Lili Mottaghi's picture
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The answer is a conditional ‘Yes’, depending on whether they can accelerate the pace of the structural reforms needed to boost growth in Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya. A new report from the World Bank,  “Predictions, Perceptions and Economic Reality - Challenges of Seven Middle East and North Africa Countries Described in 14 Charts,” finds that, despite recent signs of economic improvement in Egypt and Tunisia, growth continues to be weak and insufficient to reduce unemployment.

The Case for Regional Integration in the Middle East and North Africa

Aisha Irene Agily's picture
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As the job market in the Middle East and North Africa (MENA) region becomes increasingly global and competitive, young people with varying degrees of training and education find themselves struggling to find work. With half its population of 355 million under the age of 25, MENA has the second youngest regional population in the world after sub-Saharan Africa. If this social, economic, and academic malaise continues, a high proportion of the MENA region’s youth will be unable to leave home, get married, and develop independent lives. 

What will happen to the Middle East and North Africa region if the Ukraine crisis escalates?

Lili Mottaghi's picture
Also available in: Français | العربية
 Arne Hoel

Following Russia’s annexation of Crimea after the popular voting in early March, the European Union and recently the U.S. and Canada have imposed their first round of sanctions—an asset freeze and travel ban on some officials in Russia and Crimea. This week NATO's foreign ministers, warning that Russian troops could invade the eastern part of Ukraine swiftly, ordered an end to civilian and military cooperation with Russia. Should the crisis escalate, potential fallout on Middle East and North Africa (MENA) countries is likely. The effects would be transmitted directly through trade and indirectly through commodity prices.

Economic Outlook for the Gulf Cooperation Council in 2014: A Goldilocks Moment?

Farrukh Iqbal's picture
Kuwait
From Flickr

The World Bank’s latest Quarterly Economic Brief for the MENA region warns that short term prospects for many countries in the region are poor.  For reasons related to ongoing political turmoil, these countries face high fiscal and current account deficits and are not undertaking structural reforms that could make things better in the medium run.    On the other hand, one part of the region, the hydrocarbon-rich members of the Gulf Cooperation Council (GCC), faces a much rosier short term economic outlook.  This is of some consolation because the GCC economies account for almost half the region’s GDP and have a significant impact on some neighboring economies (including Egypt, Jordan and Yemen) through financial transfers related to remittances, tourism, foreign investment and aid.

Engaging Egyptians Abroad for Investment: What Will it Take?

Stefanie Ridenour's picture

Engaging Egyptians Abroad for Investment: What Will it Take?

Following the ousting of Hosni Mubarak in 2011, many Egyptian expatriates turned towards their home country with a renewed sense of hope and desire to participate in the change process. As the political and economic transition is underway, many Egyptians abroad are looking for ways to engage in the transition period, and donors and development agencies are trying to effectively channel their efforts to contribute to development outcomes.

 

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