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Qatar hard-pressed to repeat LNG feat Qatar hard-pressed to repeat LNG feat(0)

Qatar’s moratorium on natural gas development in its massive North Field is expected to continue for some time, but the country will likely face headwinds when it looks to revive developments in the world’s third natural gas basin. CONTINUE READING

Qatar weighs risks on road to 2022 World Cup Qatar weighs risks on road to 2022 World Cup(0)

As Qatar gears up to award projects worth USD 34 billion this year, the country will need to ensure that it tackles three key risks, according to Standard Chartered Bank …. CONTINUE READING

BlackBerry gets USD100m Qatari cash infusion BlackBerry gets USD100m Qatari cash infusion(0)

Qatar Holding ‘s USD 100 million investment in embattled smartphone maker BlackBerry is a bold bet that is high-risk, but may also turn out to be high-reward. CONTINUE READING

VancityAllie / Foter.com / CC BY-NC-SA
Sheikh Tamim faces macro sustainability challenges Sheikh Tamim faces macro sustainability challenges(0)

It may appear to be the best job in the world, but it does come with its unique set of challenges. CONTINUE READING

» Zitona « / Foter / CC BY
Gulf banks’ M&A hunger pangs seen growing Gulf banks’ M&A hunger pangs seen growing(0)

Gulf banks are showing renewed confidence and are hungry for acquisitions, especially as Western banks retreat. CONTINUE READING

Gulf stocks end Q1 with USD751bn market cap Gulf stocks end Q1 with USD751bn market cap(0)

A 5.2% correction in the Dubai Financial Market in the month of March took the shine off an otherwise stellar quarter for the emirate and the wider Gulf markets. CONTINUE READING

*Crazy Diamond* / Foter / CC BY-ND

 

Project Slow Down In Gulf Project Slow Down In Gulf(0)
mugley / Foter / CC BY-NC-ND

More than USD65-billion worth of projects have been awarded in the Middle East North Africa region, according to Citibank Group research. CONTINUE READING

Doing business in the Middle East Doing business in the Middle East(0)

 

JakeBrewer / Foter / CC BY-NC-ND

Middle East states fared poorly in a new edition of a survey that measures their business friendliness. The World Bank’s annual Doing Business 2013 report saw most countries in the region fall in global rankings. CONTINUE READING

MENA’s 5,000 richest individuals MENA’s 5,000 richest individuals(0)

The Middle East North Africa region welcomed 100 new ultra high networth individuals, as the region’s nearly 5,000-richest individuals avoided the worst of the global economic crisis and regional turmoil, according to Wealth-X, a Singapore-based wealth consultancy. CONTINUE READING

Qatar’s Commodity Empire Qatar’s Commodity Empire(0)

 

snarl / Foter / CC BY-NC-ND

Go with what you know – that seems to be Qatar’s motto as it unveils ambitious plans to dominate the global resources sector. READ MORE HERE

USD76Bn Of Gulf Debt Set To Mature By 2014 USD76Bn Of Gulf Debt Set To Mature By 2014(0)

More than USD76-billion of bond and sukuk debt is expected to mature by 2014, according to Kuwait Financial Centre ( Markaz ) research. CONTINUE READING

ME’s Great Gas Slowdown: IEA ME’s Great Gas Slowdown: IEA(0)

 

 

 

 

 

 

 

 

 

 

 

 

 

The Middle East’s natural gas production will be a victim of low prices and lack of focus over the next five years, leading to a slowdown in output, according to the Paris-based International Energy Agency. CONTINUE READING

Rivals Threaten Qatar’s LNG Lead Rivals Threaten Qatar’s LNG Lead(1)

Qatar has ruled the liquefied natural gas (LNG) world for the past few years, but it will see the market flooded with new rivals eager to sign up Asian investors over the next five years, just when its own gas production lines goes flat. READ MORE HERE

Qatar, Kuwait & UAE’s Ecological Footprint Biggest in World: WWF Qatar, Kuwait & UAE’s Ecological Footprint Biggest in World: WWF(0)

 

Stuck in Customs / Foter

Here’s a list Qatar would not want to top: The World Wild Life Fund (WWF) has ranked Qatar as the country with the largest ecological footprint per capita in its latest report. The tiny country is joined by neighbours Kuwait and the United Arab Emirates as the three nations with the largest ecological footprint – far exceeding other countries.  READ MORE HERE

9 key points from the GCC Summit 9 key points from the GCC Summit(0)

The timing could not have been more inconvenient.

In the week Gulf leaders met to discuss ways to create a more unified group, similar to an ‘EU model’, European Union leaders were struggling to keep their group united amid an unravelling economic and political crisis. READ MORE HERE

Can Gulf stock markets maintain momentum? Can Gulf stock markets maintain momentum?(0)

With Gulf economies poised for growth on the back of strong macroeconomic policies, regional stock markets are also set for growth. READ MORE HERE

Where To Invest In The Middle East: Bank of America Merrill Lynch Where To Invest In The Middle East: Bank of America Merrill Lynch(0)

With Gulf economies poised for growth on the back of strong macroeconomic policies, regional stock markets are also set for growth.

The two most liquid GCC markets – Dubai and Saudi Arabia – are both up well over 20% since the start of the year, with the Egyptian market also rising an astonishing 33%.  READ MORE HERE

Gulf Emerges As Global Sweet Spot Gulf Emerges As Global Sweet Spot(0)

Nobody even considered looking at MENA states last year, as news of Arab Spring-related crisis, instability and the Iran conflict dominated the headlines.
But buried amid the negative headlines was the regional governments’ resolve to continue pumping funds into their respective economies. READ MORE HERE

Gulf’s USD29 Billion Electricity Bill Gulf’s USD29 Billion Electricity Bill(0)

Gulf states are expected to spend USD29-billion over the next two years on their electricity infrastructure, according to ratings agency Moody’s Investors Services. READ MORE HERE

Middle East’s USD15-Billion SME Opportunity Middle East’s USD15-Billion SME Opportunity(0)

Around 11 million SMEs remain unserved or underserved in the Middle East, presenting a massive USD15-billion opportunity for the banking industry. READ MORE HERE

Top Ten Middle East Stocks In February Top Ten Middle East Stocks In February(0)

Middle East markets had a phenomenal February. Find out which stocks performed outstandingly well, and which failed to get investors enthused. READ MORE HERE

 

What If Oil Prices Drop Suddenly?: The GCC Dilemma, As Imagined By Citibank What If Oil Prices Drop Suddenly?: The GCC Dilemma, As Imagined By Citibank(0)

Barclays Capital expects GCC economies to rise 5.4% this year, but Citibank worries that a sudden drop in oil prices could leave the states with a dilemma: whether to curtail spending or keep pumping funds into the economy. READ MORE HERE

Middle East’s Best Performing Stocks Middle East’s Best Performing Stocks(0)

Middle East markets had a phenomenal February. Find out which stocks performed outstandingly well, and which failed to get investors enthused.

February was the month when Middle East markets roared back to life.  READ MORE HERE

Which Country Will Suffer Most If Strait Of Hormuz Is Blocked? Which Country Will Suffer Most If Strait Of Hormuz Is Blocked?(0)

Which regional companies and countries stand to lose in the event that Iran closes the Strait of Hormuz? Ratings agency Standard & Poor’s takes a look. READ MORE HERE

 

S&P: Which Middle East Companies & Countries Will Suffer If Strait of Hormuz Is Blocked? S&P: Which Middle East Companies & Countries Will Suffer If Strait of Hormuz Is Blocked?(0)

It’s a crisis that won’t go away. While the region is no stranger to Israelis and Iranians trading insults and threats, Tel Aviv’s latest hue and cry over Iran’s nuclear ambition refuses to die down.

Recent bombing attacks on Israeli embassies in New Dehli, Tbilisi (Georgia) and Bangkok was blamed on Iran – claims denied by Tehran – have frayed nerves and the Iranian President Mahmoud Ahmadinejad did nothing to soothe them by attending an event that highlighted Iran’s “nuclear achievements” on Wednesday.

READ MORE HERE

Most Trusted Middle East Banks Most Trusted Middle East Banks(0)

Thirty-three Middle East banks are among 500 of the world’s most trusted banks, according to a new study. READ MORE HERE

Putting The USD250M Qatari Painting Purchase In Perspective Putting The USD250M Qatari Painting Purchase In Perspective(0)

Nobody can complain that Qatar does not look after its citizens. Or that its rulers are not leading the once-backwater of the region to unprecedented growth, almost defying the global economic downward trend.

As a recent IMF report noted, Qatar’s economy has grown sixfold in the past ten years alone, and the country is awash with cash, trade surpluses and foreign reserves. READ MORE HERE

12 Qatar Highlights From IMF Report 12 Qatar Highlights From IMF Report(0)

In the eyes of the International Monetary Fund, the greatest risk facing Qatar is a worsening of global liquidity and financing conditions. Individual banks, especially those that rely on large wholesale funding might face liquidity pressures and either have to resort to the central bank for dollar funding or deleverage, warns the IMF, apart from in foreign reserves of the central bank and lower valuation of Qatar’s external assets portfolio. READ MORE HERE

100 Largest Economies By 2050: HSBC 100 Largest Economies By 2050: HSBC(1)

January 15, 2012

A year after HSBC released its 2050 report which estimated that Egypt would surpass Saudi Arabia as the largest economy in the Middle East, the bank has dug deeper in its crystal ball-gazing research.

The first report limited its forecast to the world’s 30 largest economies by 2050 – but has now expanded it to 100 nations and includes more Middle East nations.
And like the first edition of the report, there are a few surprises. READ MORE HERE

OPEC Outlook: Oil’s Not Well OPEC Outlook: Oil’s Not Well(0)

Opec countries will rake in $900-billion this year. But these outstanding figures mask great turmoil facing group members in the next few
years.

With Brent crude comfortably over $100 a barrel, oil  exports of OPEC countries this year will amount to nearly $900 billion, a 38%
increase over 2010, according to the Centre for Global Energy Studies. READ MORE HERE

MENA 2012 Outlook: Oil Exporting Countries MENA 2012 Outlook: Oil Exporting Countries(0)

In the first part of the 2012 regional economic prospects, a look at oil-rich countries’ efforts to manage their citizens’ expectations, economic slowdown and regional and domestic political upheavals in the New Year.

The year 2011 was probably the most unexpected for the Middle East in decades with  not just the magnitude of changes unravelling in the region, but also the sheer number of those cataclysmic changes. READ MORE HERE

MENA Projects: Saudi Arabia Still the Driving Force; UAE Slowdown Continues MENA Projects: Saudi Arabia Still the Driving Force; UAE Slowdown Continues(0)

Excerpt from Citibank report:

In October this year, $16.9bn of projects were awarded across MENA. On a cumulative basis, just over $82bn of projects have been awarded across the region in the year to end October. This compares favourably with FY10 when almost $80bn of projects were awarded. Saudi Arabia is the main driving force accounting for a third of the 2011 total. Iraq accounts for 20%.The UAE has awarded almost $14bn in the year to end October, almost $20bn below FY10.
Read More

MSCI Dec 14 Decision On UAE & Qatar On Knife-Edge MSCI Dec 14 Decision On UAE & Qatar On Knife-Edge(0)

EFG-Hermes believes an MSCI upgrade of UAE and Qatar exchanges to emerging market status is unlikely but not impossible. If the upgrade does happen, both markets could tap into an estimated $280Bn of emerging market funds.
The markets have been buoyant recently in anticipation  that MSCI will upgrade both UAE and Qatar to emerging market status on December 14. READ MORE HERE

Egypt, Saudi Arabia, Qatar and the UAE are among the world’s 25 Rapid Growth Markets: Ernst & Young Egypt, Saudi Arabia, Qatar and the UAE are among the world’s 25 Rapid Growth Markets: Ernst & Young(0)

• 25 Rapid Growth Markets (RGMs) to grow by an average of 6.2% this year and by 5.9% in 2012, compared with 1.6% growth for the Eurozone this year falling to 0.6% next year.

• Qatar had the highest nominal GDP (US$) per capita at PPP in 2010 among the 25 RGMs and has also been the fastest growing economy over the last decade, with an average growth of 13%.

The dynamics of the global economy have changed with a new set of fast-growing markets challenging the position of the established advanced economies. The rapid growth markets (RGMs) are expected to grow collectively by 6.2% this year, almost four times more than the anemic growth expected in the Eurozone according to Ernst & Young’s new quarterly Rapid Growth Markets Forecast (RGMF).
Read More

Will 2011 Be The Best Year For Gulf Banks? Will 2011 Be The Best Year For Gulf Banks?(0)

While their global counterparts slash and burn, Gulf banks are collectively set for their best year – ever — according to KAMCO.

While major blue-chip banks across the world are cutting back, shedding staff, deleveraging and recoiling at the thought of major sovereign defaults in Euroland, Gulf banks have quietly bulked up. Their prudence has allowed them to escape much of the crisis facing the global financial services industry, and they have benefited from great government support that has ensured they lived through the soul-crushing global financial crisis of 2008. READ MORE HERE
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Top Gulf Stock Picks By United Securities Top Gulf Stock Picks By United Securities(0)
whsaito /Foter

Muscat-based United Securities has turned cautiously optimistic on the recent developments by global markets to contain the debt crises and on the back of better than expectation Q3 results in some market sectors.
Read More

$25Bn Gulf Debt Maturities In 2012 Pose Risk: S&P $25Bn Gulf Debt Maturities In 2012 Pose Risk: S&P(0)

Standard & Poor’s Ratings Services said today that issuers in the Gulf Cooperation Council (GCC) countries face rising refinancing risks over the next three years because the amount of debt maturing in the region will increase significantly between 2012-2014.

Industry experts estimate bonds and sukuk of about $25 billion will mature in 2012, rising to about $35 billion in 2014. Standard & Poor’s believes the region is therefore entering a challenging loan and bond refinancing cycle, especially given the ongoing volatility in capital markets and fears that slowing global economic growth is already curbing corporate debt issuance and heightening refinancing risk in the region.
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China’s Hard Landing Will Hurt Middle East Economic Prospects China’s Hard Landing Will Hurt Middle East Economic Prospects(0)

The EU and the US economies are not the only headaches for Middle East economies. China’s faltering economy could also hurt the region’s growth prospects.

As the advanced economies were contracting and falling behind earlier in the year, the Gulf and the wider MENA states were hoping Chinese and wider Asian demand to ensure their oil production finding eager buyers. READ MORE HERE
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EFG Positive On Q3 Earnings; Expects Q4 Market Rally; No UAE-Qatar MSCI Upgrade Though EFG Positive On Q3 Earnings; Expects Q4 Market Rally; No UAE-Qatar MSCI Upgrade Though(0)

The regional stock markets may be sending negative signals, but the Middle East listed companies are expected to see a 38% rise in earnings in the third compared to the same period last year, according to EFG-Hermes estimates.

“Materials sector earnings are driven by higher oil prices, lower provisioning and loan growth will likely drive earnings growth for the Saudi banks, and the UAE’s real estate sector will likely see a Y-o-Y turnaround after heavy losses from UP and Aldar in 2010, in our view. (Excluding UP and Aldar reduces earnings growth expectations to 16.8% Y-o-Y and 2.6% Q-o-Q). We believe Q-o-Q growth will be driven by Emaar and UP showing strong earnings growth, seasonally high earnings from SEC and Air Arabia due to the summer period, and OCI, which should benefit from strong fertiliser prices,” notes EFG.

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$525-Billion Energy Capital Investments In MENA By 2016: Apicorp $525-Billion Energy Capital Investments In MENA By 2016: Apicorp(0)

The Arab Petroleum Investment Corporation (Apicorp) expects MENA energy capital investment to reach $525-billion over the next five years.

But the Dammam-based lender estimates that the figure is at least $90-billion short of the ‘investment potential’. The company examined nearly 200 energy projects planned and announced in the public and private sectors. READ MORE HERE

Outlook For UAE Darkens; Gulf Not Immune Either: Deutsche Bank Outlook For UAE Darkens; Gulf Not Immune Either: Deutsche Bank(0)

The UAE which is more aligned than other regional states to global economic  cycles, saw its PMI fall from 57.5 in April to 51.0 in July, suggesting that that any further deterioration in global economies will be felt more in the UAE compared to other Gulf states, says Deutsche Bank. READ MORE HERE

What Do Young People in the Gulf Think?: BAH Study What Do Young People in the Gulf Think?: BAH Study(0)

A Booz Allen Hamilton report surveys 415 young nationals aged 15 to 24 in Saudi Arabia, the UAE, and Qatar to get a sample of what the youth of these countries think of their future and their countries’ key challenges:

Here are the results in a snapshot.

Surprisngly, more young people think high cost of living is a bigger concern than finding a job. Nationals,, especially in Qatar and UAE enjoy subsidies and benefits from governments but they still appear to think that the cost of living is their biggest concern.
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Gulf Banks Safe As Houses Compared To Vulnerable EU Banks Gulf Banks Safe As Houses Compared To Vulnerable EU Banks(0)

Robust and timely support from the Gulf central banks have made the region’s key financial institutions secure and safe powerhouses.

Their strength is in sharp contrast to the banks of the OECD, especially the European banks which are facing a calamitous future especially if the sovereign debt from Greece and other EU states blows up in their faces. READ MORE HERE

Arab Spring Costs Gulf $150 Billion Arab Spring Costs Gulf $150 Billion(1)

Gulf states have pledged $150-billion in response to the regional unrest, according to Bank of America Merrill Lynch estimates. But it may not be enough. READ MORE HERE

The world’s best and worst central bankers The world’s best and worst central bankers(0)

Lebanon’s Riad Salameh is ranked as one of the world’s best central bankers. But which Mideast bank governor fares worse than Ben Bernanke and Jean-Claude Trichet? Surprising answer! READ MORE HERE

Middle East’s Q3 Economic Prospects Look Dim On Global Slowdown Middle East’s Q3 Economic Prospects Look Dim On Global Slowdown(0)

As the global economy lurches from one crisis to the next, we look at the prospects for the regional economies in troubling global conditions which could slash domestic growth.

Another quarter, another headache. Gulf governments have suffered a tumultuous first two quarters of the year and were hoping for some semblance of sanity in the third quarter. At the very least, regional governments were hoping that tragic developments within the Middle East had remained isolated – Syria, Yemen and Libya  – leaving other countries in relative safety and peace.
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How The S&P Downgrade Impacts the Gulf States How The S&P Downgrade Impacts the Gulf States(0)

The Standard & Poor’s  downgrade of the U.S. economy was the great unthinkable just a few months ago. They are now a stark reality. While the short-term impact may not be immediate – save for market gyrations, it is long-term implications are clear: the U.S. economy is no longer the safest, the most dynamic and the most enduring in the world, and U.S. Treasuries – may be not tomorrow but certainly over time – will no longer the safe havens everybody counted on.

The Gulf states which have aligned itself to the U.S. Dollar in more ways than one, also need to think radically outside their dollar-filled box. While, don’t expect Gulf states to publicly speak negatively about the U.S. economy or the dollar, one certainly hopes that behind closed doors, there is a concerted hope to realign the regional economies to the new realities. READ MORE HERE
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After Losing $33B in H1, Gulf Markets Hope For Better Second Half After Losing $33B in H1, Gulf Markets Hope For Better Second Half(1)

Gulf markets have lagged other global emerging and developed markets for years. Even as the S&P 500 and other emerging market indices rescaled their pre-Lehman levels, Gulf markets have stayed listless, drifting lower and lower until they have plumbed new depths. But have the markets finally bottomed out? With the Gulf economies seeing major improvement in their fortunes, thanks to government stimulus, will it rub off on the markets as well in the second half of the year? Gulf markets lost USD33.4-billion in market capitalization in the first half of the year due to a number of factors that conspired to negatively impact investor sentiment.

READ MORE HERE

Global Petroleum Survey: Oil Companies See Iraq Fraught With Regulatory Hurdles; Qatar Tops Survey Global Petroleum Survey: Oil Companies See Iraq Fraught With Regulatory Hurdles; Qatar Tops Survey(0)

The Fraser Institute’s Global Petroleum Survey is the latest where super-rich Qatar beats its regional competitors’ as it pips them to the post as the Middle East’s most investment-friendly destination for petroleum exploration and development. READ MORE HERE

 

Opec 2011 Bulletin’s 18 Most Important Pages (In Charts) Opec 2011 Bulletin’s 18 Most Important Pages (In Charts)(0)

Opec’s annual bulletin reveals the changing dynamics of the energy industry and the key challenges facing both the producers and the consumers.

Click through the charts to find out more:

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No Arab Spring Dividends For The Middle East? No Arab Spring Dividends For The Middle East?(0)

The Arab World’s tryst with democracy and freedom is unlikely to bear economic fruits, according to a study. Instead, we could well see a gridlock political environment and economic growth that continues to lag global averages.

The Economist Intelligence Unit (EIU) insightful study on how the Arab Spring initiative is likely to play out, suggests a 60% probability of a gridlocked political environment that is unlikely to result in realizing the aspirations of the region’s citizens. READ MORE HERE

Egypt Spurns The IMF And Rushes Into The Arms Of Gulf States Egypt Spurns The IMF And Rushes Into The Arms Of Gulf States(0)

Even as the Egyptian Government looks to revive the country’s economy, it has turned down the International Monetary Fund (IMF)’s stand-by agreement. A bold move no doubt, but was it a populist decision or purely a financial one? And if the Egyptian Government’s decision to turn down the IMF a move to spurn Mubarak-praising entities, why is it borrowing from the Gulf?

Egypt’s decision to turn down International Monetary Fund (IMF) and the World Bank is a bold move, given that the country’s fiscal situation remains fragile. READ MORE HERE

What’s In Store For The Global Economy In Second Half What’s In Store For The Global Economy In Second Half(0)

As investors say goodbye to the first half of the year and brace themselves for a strange and uncertain world in the second half, the worry beads are already out.Global economies have stuttered, faced natural disaster of epic proportions, seen political upheavals that nobody could have forecasted and have seen new and old worries surface and resurface.Yet markets have remained resilient for the most part, commodity-driven economies have prospered and emerging economies are still managing to expand and grow.Here is a look at what is keeping investors awake at night and some bright spots in an increasingly uncertain world. READ MORE HERE

MSCI Keeps The Door Ajar For UAE & Qatar MSCI Keeps The Door Ajar For UAE & Qatar(0)

MSCI has kept the door ajar for both Qatar and the UAE, but EFG-Hermes and Citibank analysts disagree whether either market will be elevated come December. Meanwhile, emerging market funds are already swirling around.

The MSCI left the door open for UAE and Qatar to allow them entry into the exclusive emerging markets club. The influential index provider that is used by many funds and investors as a benchmark, said that while both countries did not make the cut this time, they will extend their review till December. READ MORE HERE

Cast Your Vote In Arab Spring Awards Cast Your Vote In Arab Spring Awards(0)

Spring is nearly six months old. It is time to take stock, remember those who lost their lives and continue to fight, and hand out some well-deserved awards to the key players.

The New York Times columnist Nicholas Kristof, asked the rhetorical question ‘What Country Handled Arab Spring The Best? His own answer: Morocco.

But he left the discussion at that. Given that the Arab Spring is just about six months old, alifarabia.com was inspired to take stock of how the various countries have handled a revolution that has smashed Middle East dogmas, broken the will of Arab strongmen and given hopes to millions not just in the Arab World but also around the world.

The Middle East has seen more public participation in politics in the past six months than it has done over the past 50 years. Much to the shock of Zine El Abidine Ben Ali, Hosni Mubarak and Moamer Qaddhafi, the people of the Arab World launched a unique coup that they could not have fathom and never saw coming. These strongmen were looking to suppress indigenous Islamic movements, the radicals, Al-Qaeda sympathisers, the socialists, the Shiaas and the sufis. They were looking for tangible forces they could fight, and suppress and imprison and maim – as they had done in the past.

READ MORE HERE

High-Spending Gulf In Dilemma As Opec Loses Relevance High-Spending Gulf In Dilemma As Opec Loses Relevance(0)

With Opec seemingly irrelevant, the GCC is trying to find a balance between responsible crude suppliers and their own domestic needs. But, as Deutsche Bank warns, their own high breakeven prices are making them even more vulnerable to oil price shocks than before. READ MORE HERE

Qatar Steps Off The Gas For Next Chapter Of Growth Qatar Steps Off The Gas For Next Chapter Of Growth(0)

While the Arab Spring has unleashed havoc on the region’s economy, one country that has escaped the regional turmoil is Qatar.

Posting stunning GDP growth of 16% last year, the tiny emirate is expected to reach 18% this year, even as other regional economies stumble and need government investment to stimulate growth. Qatar’s economy has benefited from exploiting its formidable oil and gas resources over the past ten years.

But as hydrocarbon-led growth tapers off, the country is embarking on a new set of challenges to stimulate its non-hydrocarbon sector. Can Qatar’s non-energy sector replicate the success of the energy sector and lead GDP growth?

It could well be that the Qatari government is the luckiest government in the world. Sitting on the world’s third largest natural gas reserves in the world, Qatar is the single largest supplier and exporter of liquefied natural gas (LNG), apart from being a significant oil producer. Read More Here

Saudi-Led GCC Aims to Spread Regional Influence Saudi-Led GCC Aims to Spread Regional Influence(0)

The potential inclusion of Morocco and Jordan in the GCC fold should be taken for what it is – a political move by the Gulf states to widen their sphere of influence in the region.

There is, of course, nothing wrong with it. The United States has done it with NAFTA, the EU has been handing out membership forms to many countries within their vicinity; there is of course the ASEAN, and even BRIC nations have recruited South Africa in their club – they are now called BRICS. Read The Full Article On Economonitor

Middle East Countries Fall In Peace Index Middle East Countries Fall In Peace Index(0)

Qatar, which has been beating its regional rival on economic performance, has also won the title of the most peaceful country in the Middle East North Africa region.

The Institute of Economics & Peace, bestowed the number one regional ranking to Qatar in its annual Global Peace Index (GPI) 2011. READ MORE HERE
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$1.6T Middle East Projects Are Delayed Or Cancelled: Citibank $1.6T Middle East Projects Are Delayed Or Cancelled: Citibank(0)

Close to $1.6-trillion worth of projects are cancelled or are on hold in the Middle East and East North African market, with $800-billion in the UAE alone, according to Citibank. The statistics are a reflection of the hangover of the leveraged days in the region when billion dollar projects were announced virtually every other day. Read More Here

Gulf Plus: The GCC Looks To Expand Its Sphere Of Influence Gulf Plus: The GCC Looks To Expand Its Sphere Of Influence(0)

Jordan and Morocco’s possible inclusion in the Gulf is a political move rather than an economic one, but there might be other – unlikely – candidates in the region far suitable for the purpose.

The potential inclusion of Morocco and Jordan in the GCC fold should be taken for what it is – a political move by the Gulf states to widen their sphere of influence in the region. Read More Here

Middle East States’ Foreign Assets To Hit $2.2 Trillion By Year End: IIF Middle East States’ Foreign Assets To Hit $2.2 Trillion By Year End: IIF(0)

The Arab World’s foreign assets will rise to a stunning $2.2-trillion this year, says the IIF. But the key to growth in the region will not be financial resources but structural reforms, otherwise tensions will remain. Read More Here

Abu Dhabi SWF Said To Invest In Glencore, World’s Largest Commodity Trader Abu Dhabi SWF Said To Invest In Glencore, World’s Largest Commodity Trader(0)

A report that Abu Dhabi could be a cornerstone investor in Glencore has sent many Googling for the company to find out more. Here is what you need to know about the world’s largest commodity trader. Read More Here

S&P negative outlook on U.S. credit is a mixed bag for Middle East S&P negative outlook on U.S. credit is a mixed bag for Middle East(0)

Ratings agencies have an uncanny knack of turning up at morgues and pronouncing the death of the deceased, so it should have been no surprise that Standard & Poor’s did the ‘unthinkable’ and downgraded the United States’ long-term outlook to negative from stable. Read More Here

Gulf States Have World’s Lowest Corporate Tax Regimes Gulf States Have World’s Lowest Corporate Tax Regimes(0)

Most Gulf states offer some of the lowest tax rates to Forbes 2000 companies. But is there a link between the trouble in other Middle East states and their tax rates? Read More Here

S&P negative outlook on U.S. credit is a mixed bag for Middle East S&P negative outlook on U.S. credit is a mixed bag for Middle East(0)

Ratings agencies have an uncanny knack of turning up at morgues and pronouncing the death of the deceased, so it should have been no surprise that Standard & Poor’s did the ‘unthinkable’ and downgraded the United States’ long-term outlook to negative from stable. Read More Here

Global Recovery May Slip On High Oil, But Boost Saudi Economy: IMF Global Recovery May Slip On High Oil, But Boost Saudi Economy: IMF(1)

Oil prices will rise 36% in 2011, denting global economic recovery, warns the IMF. But that also means Saudi’s GDP will rise 7.5% – one of the highest among G20 nations. Read More Here

McKinsey’s Future Middle East and Global Cities Report Highlights Cairo, Doha and Al Ain – yes, Al Ain McKinsey’s Future Middle East and Global Cities Report Highlights Cairo, Doha and Al Ain – yes, Al Ain(0)

Reading McKinsey’s Urban World: Mapping The Power Of Cities convinces us that the world will belong to China by 2025 – we will just be living in it. Forget the Middle East and its oil wealth, or Latin America with its flair, charm and commodity-fuelled brilliance, or even India with its bursting economic ingenuity and labour power – China will dominate the proceedings. Read More Here

What Were The Middle East’s Best And Worst Performing Stocks In Q1? What Were The Middle East’s Best And Worst Performing Stocks In Q1?(2)

What were the MENA region’s best performing stocks in the first quarter – more importantly, which were the worst that burnt investors, including one that fell 99.02% in the quarter? Read More Here

Qatar’s $225 Billion Bonanza Over Next Five Years Qatar’s $225 Billion Bonanza Over Next Five Years(2)

Qatar’s investment over the next five years will be a staggering $225 billion, but the country is still worried about low energy prices during the period.

As a roadmap for its social and economic aspirations, you can’t really fault Qatar’s National Development Strategy 2011-2016 report. It is inspirational, comprehensive and packed with good intentions, as all such reports should.

For an economy that is growing at a rate that would put China to shame, it’s national development strategy (NDS)  is also lacking in a fair bit of pride and glory – if anything, there are parts of the report that are a bit hesitant and self-doubting. The missing vainglory is a contrast from some of the other national development strategies that one has seen over the years – and that is not a bad thing. It’s almost endearing. Read More

Gold Reserves of Middle East & North Africa Governments Gold Reserves of Middle East & North Africa Governments(1)

Saudi Arabia’s gold reserves dwarf Libya’s hordings. Here is a selected list of countries with the biggest gold reserves, including almost every Middle East nation.

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World’s Biggest LNG Producers By 2020 World’s Biggest LNG Producers By 2020(0)

Chevron is the world’s fastest growing liquefied natural gas (LNG) producer, beating Qatar Petroleum, according to Evaluate Energy data. Between 2010 and 2020, the U.S. energy giant will add 17 million tonnes, beating Qatar Petroleum’s 11.5 million tonnes during the same year.

 

Standard Chartered’s Gulf Debt Outlook & Dubai Concerns Standard Chartered’s Gulf Debt Outlook & Dubai Concerns(2)

The GCC has around $40bn of debt coming due each year over the next five years, says Standard Chartered Bank (SCB). Plus a chart that neatly shows SCB’s forecasts returns on each country’s bonds. Read More Here

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Qatar Catching Up To Dubai As Middle East Financial Centre Rivalry Heats Up Qatar Catching Up To Dubai As Middle East Financial Centre Rivalry Heats Up(0)

Dubai retains its position as the regional financial centre, but Doha is fast catching up as an alternative centre, according to the latest survey of global financial service managers. But Both are losing to Asian rivals. Read More

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Brace for funds flowing out of Bahrain Brace for funds flowing out of Bahrain(1)

The Middle East crisis will see capital flowing out of the region, especially the vulnerable financial hub of Bahrain, according to a poll.

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Japan’s Nuclear Crisis Is Boon For Middle East Energy Japan’s Nuclear Crisis Is Boon For Middle East Energy(1)

As Japan’s nuclear meltdown puts the brakes on yet another power source, the world is looking at ME energy to fill the gap. Luckily, there is plenty coming on line, despite the region’s shot-term problems. Read More

EFG-Hermes’ Insightful Heat Map On Middle East’s Problems EFG-Hermes’ Insightful Heat Map On Middle East’s Problems(2)

Read why EFG-Hermes is worried about Omani and Bahraini growth. And the bank’s insightful regional heat map that neatly highlights problem areas. Read the full story here

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Gulf’s ‘Marshall Plan’ Blues Gulf’s ‘Marshall Plan’ Blues(2)

Just when analysts were giving up on a truly unified GCC, the six states have closed ranks with the unmistakable presence of Saudi tanks and soldiers on Bahraini soil. Read More
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Qatar: Economic and Financial Indicators (2006–11) Qatar: Economic and Financial Indicators (2006–11)(0)

IMF Brief:
Qatar has weathered the global financial crisis exceptionally well, reflecting the quick and strong policy response by the authorities. The sizeable enhancement of liquefied natural gas (LNG) capacity, large government support to the banking system, and increase in public spending helped sustain high growth rates through the global crisis.
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How Much Wealth Do Arab Rulers Control Directly? How Much Wealth Do Arab Rulers Control Directly?(0)

The rulers and royal families of the Arab World directly control more than $240-billion of investments in publicly-listed firms, surpassing SWF and government institutions, according to data. Read More

Reforms Are Need Of The Hour, Not Stimulus Packages Reforms Are Need Of The Hour, Not Stimulus Packages(0)

Quantitative easing and stimulus packages in the Gulf region are not enough if they are not backed by a healthy dose of social and political reforms. Read More Read More

MENA Growth Prospects Hurt by Egypt Crisis MENA Growth Prospects Hurt by Egypt Crisis(0)

As events in Egypt change faster than you can update them on Twitter or Facebook, regional authorities are looking at the short-term and long-term impact of the crisis on their own economies. Read More

Growth Retraction Fears in Middle East Growth Retraction Fears in Middle East(0)

As events in Egypt change faster than you can update them on Twitter or Facebook, regional authorities are looking at the short-term and long-term impact of the crisis on their own economies. Read More

Statistically Speaking: Impact of Oil at $100 on MidEast GDPs Statistically Speaking: Impact of Oil at $100 on MidEast GDPs(0)

Oil prices are poised to hit the magical $100 per barrel once again and economists, analysts have taken out the proverbial calculators to see what it means for oil-based economies of the Middle East. Read More

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