SubscriptionsOur Latest Insights From The Middle East & Africa
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Economy trends update January 2018
The Middle East and Africa region reported an encouraging set of news for the period between November and January. The largest economy under our coverage in the region, South Africa, saw a leadership change that is expected to usher in greater political stability. Israel’s all-important export sector remained robust, despite currency pressures, and the outlook for the Egyptian economy improved on the back of foreign currency and foreign investment inflows as well as a major gas discovery. Qatar stayed resilient amid geopolitical complications while the UAE’s non-oil sector continued to see robust activity.
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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.
