Why the World Bank now expects Saudi’s economy growth by 2027 to hit 7.9%
A sharp revision to Saudi economic growth by 2027 The World Bank has set its projection for Saudi’s economy growth by 2027 at 7.9 percent, a steep upward revision that shows how fast the region’s largest economy is expected to recover. That figure lifts the earlier World Bank Saudi forecast by about 3 percentage points, […]
What Qatar’s new dual-tranche sovereign USD bond means for Gulf markets
Qatar has launched a benchmark-sized sovereign USD bond across two tranches, with pricing expected later the same day. The offering is senior unsecured. It comes through the Ministry of Finance, acting for the State of Qatar. The five-year tranche carries initial price targets of 85 basis points over US Treasuries. Guidance on the 10-year sits […]
Saudi Arabia’s Inflation Rate Holds Steady as Housing Costs Ease
Saudi Arabia’s annual inflation rate remained unchanged at 1.8 percent in August, according to the General Authority for Statistics, known as GASTAT. It is the fourth consecutive month the figure has held there, matching the pace recorded in May, June and July. Consumer prices rose just 0.1 percent from July, pointing to a month of […]
Iran war impact hits Kuwait and Qatar hardest as Gulf economies diverge
The Iran war impact has fallen unevenly across the Gulf, and two economies are absorbing the worst of it. Kuwait and Qatar are forecast to contract this year, while their neighbors keep growing at a slower pace. The Arab Monetary Fund (AMF), a regional lender based in Abu Dhabi, laid out the split in an […]
Kuwait Oil Company $16 billion pipeline lease opens door to global capital
The $16 billion pipeline lease signed by Kuwait Oil Company gives three of the world’s biggest investors a share of the oil arteries that have carried Kuwaiti crude for decades. Kuwait Petroleum Corporation announced the agreement on Saturday. Its subsidiary, KOC, leases usage rights to all 13 of its pipelines into a newly formed Kuwaiti […]
