Gulf Resists Global Slowdown; The Maghreb region faces mixed fortunes in a context of rising inflation; GCC banks emerge in robust post-pandemic shape
Troubled times are upon us. Covid-19 continues to test supply chains, inflation is exploding and, geopolitically, tensions are rising.
The conflict in Ukraine has sparked a new cold war between the West and Russia, while in the Middle East wars in Syria and Yemen are brewing, and other countries like Libya and Lebanon are reeling from crisis. to the other.
By comparison, the six GCC countries have become more stable since the signing of the Al-Ula Declaration in January 2021, ending the diplomatic dispute with Qatar.
Rising oil prices have given the six GCC states more fiscal space, allowing them to ease austerity measures that have dominated the economic agenda since the oil price crash in 2014.
While it would be bold to suggest that the GCC will completely avoid the recessionary strains felt by the rest of the world, a more substantiated claim is that the region’s strong fundamentals and its status as an energy exporter protect it from the worst of the predicted global recession.
Find out why the GCC, with its combination of stability and opportunity, will be such a important market for international companies in the August issue of MEED Business Review.
This month, the MEED also presents a special report on Gulf Banksand sees GCC lenders in buoyant mood thanks to strong liquidity and growing earnings in line with interest rate hikes.
The August 21-page Market Focus on the Maghreb, meanwhile, deals with project markets and the political situation in Algeria, Libya, Morocco and Tunisia.
We hope you enjoy the August 2022 edition of MEED Business Review.
Must-read sections in the August 2022 edition of the MEED Business Review to understand:
> AGENDA: Gulf States hope to weather next storm
> PROJECTS: Long-term plans support project activity
> OPINION: A turbulent time for aviation
> MEED COMMENT: Cushioning the impact of rising costs /
UAE pins foreign investment hopes on Adnoc
> MONTHLY BRIEFING: 13 key developments in the region
> BIDEN IN THE MIDDLE EAST: Biden trip paves way for Saudi-Egyptian causeway
> MEED ECONOMIC ACTIVITY INDEX: Energy prices continue to support GCC
> GULF BANKING REPORT: Regional banks take to the air
> ENERGETIC TRANSITION: Independent water projects maintain momentum
> INTERVIEW: GlassPoint focuses on the industrial process sector
> UK-GCC TRADE: UK begins free trade negotiations with GCC
> GAS: Qatar writes a success story for the LNG sector
> LEADERSHIP: Middle Eastern leaders support carbon credit market
> EXPO: Expo City meets commercial objectives
> FOCUS ON THE MAGHREB MARKET:
> Algeria dodges diplomatic fallout
> Libya is again divided by East-West division
> Rabat suffers from economic exposure
> Tunis is coming to an end
> MARKET OVERVIEW: Oman’s hotel pipeline supports tourism growth
> MARKET TALK: Envision is thinking smart for a green future
> GULF PROJECTS INDEX: Gulf projects market declines in June
> JUNE 2022 CONTRACTS: Saudi Arabia reinforces the value of regional agreements
> BUSINESS OUTLOOK: Finance, Oil & Gas, Construction, Power & Water Contracts