SubscriptionsOur Latest Insights From The Middle East & Africa
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Economy trends update July 2017
The review period from May to July turned out to be a mixed bag for the Middle East and Africa region. While two of the five economies under our coverage in the region, Israel and Egypt, reported an overall positive picture despite setbacks, the largest economy, South Africa, remained bogged down by political uncertainty and other structural problems. Qatar suffered unexpectedly due to geopolitical complications while the UAE reconciled with slower growth owing to oil production cuts.
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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.
