Rosy recoveries, practical politics

Arabia Monitor Monthly
December monthly

As the media frenzy around COP26 fizzled out, it was apt timing that a number of GCC countries announced net-zero pledges. Meanwhile, the largest MENA economies’ growth levels were mainly driven by the non-oil private sector, according to latest data releases. This is unusual - but good news for a region that wants to transition to an oil-free future. This month, we deep dive into how: 

  • Saudi Arabia and the UAE are registering some of the highest levels of non-oil private sector economic activity in a decade. Coupled with current oil prices, this bodes well for growth in H2 2021. 
  • Syria is back on the scene. Bashar al-Assad is keen to normalise ties with regional players through the pursuit of economic diplomacy.
  • A familiar face in Abdulhamid al-Dbeibah has joined the list of controversial candidates vying for Libya’s presidency; unofficial polls tip him to win. 
  • Overwhelmed by vehement discontent, Sudan’s military has backtracked on its coup. PM Abdalla Hamdok has been restored, and the transition to civilian rule should forge ahead.

 

Florence Eid-Oakden, Ph.D, Chief Economist

Leila Lajevardi, Mingqiao Zhao, Abdelgadir Shukri, Olivia Philipon, 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.

To access this report, please click here.

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