Energy sector features new financing mechanisms
Arabia Monitor Monthly
- Recent measures by the Central Bank of Egypt signal a shift in monetary policy toward supporting growth as inflation eases.
- In Saudi Arabia, higher expenditure than revenue so far this year pushed H1 2019 accounts into a mild deficit of 0.2% of GDP. The overall deficit forecast for this year as a whole is projected at 4.2% of GDP.
- The Lebanese government’s slow reform process and inability to pay its bills keep manifesting in mini-crises: the latest is over trash, and credit rating downgrades.
- Chinese construction companies continue to win major contracts in MENA -- most recently in the UAE and Iraq -- despite competition from Europe and Asia.
Florence Eid-Oakden, Ph.D, Chief Economist
Robin Mills, Energy Analyst
Charlene Rahall, Mingqiao Zhao, Analysts
Arabia Monitor’s MENA Monthly publication provides a timely snapshot of most notable recent developments in the dynamic MENA region. Our analysts get past the news to deliver the core, forward looking conclusions that markets-oriented readers look for.
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