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Economy trends update April 2018
The Middle East and Africa region witnessed some encouraging political and economic developments during the review period. South Africa, the largest economy under our purview in the region, appeared set for an economic rebound, amply supported by the election of a new head of state in February 2018. Israel’s economy received a boost from its crucial exports sector in the first quarter, while the beleaguered Egyptian economy made steady recovery under the IMF-mandated financial assistance program.
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Country Profile:
Qatar: Powered By Gas, Driven By Ambition
Qatar, the pear-shaped peninsula located in the Persian Gulf, was largely known for its native pearl-fishing industry until the 1980s, when the discovery of oil and large natural gas reserves made millionaires overnight.Qatar’s global investment presence and the perception of being a relatively liberal Arab state have earned the nation a place on the investors’ radar in recent years.
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Country Profile:
United Arab Emirates: Blooming Desert
Just over 40 years old, the United Arab Emirates might be passed over as a young nation. But make no mistake. Combining the centuries-old resourcefulness of the Bedouins, the wisdom of sea-faring traders, the bounty of oil resources and the marvels of foreign expertise, the UAE is making economic strides like a giant.
