With Expo 2020 Dubai set to open 12 months from now, construction in the emirate has been rapid. We draw upon the experiences of previous hosts of such world fairs to identify potential rewards and risks, both tangible and intangible.
The death of Tunisia’s first democratically elected president, Beji Caid Essebsi, has brought forward elections to 15 September. These should cement the country’s status as the only democracy to remain from the 2010-2012 Arab Spring revolts.
Higher oil output should boost growth, but structural vulnerabilities, particularly high unemployment and a growing population, are being left unattended by the absence of any major legislative action.
LIBYA: ECONOMICALLY DAMAGING STALEMATE AT BEST, SUSTAINED VIOLENCE AT WORST
The IMF expects 2019 real GDP at 4.3% based on oil production at around 1 Mb/d. But such growth will be difficult to attain in a country in conflict and with the oil sector subject to constant supply disruptions.