Issue  No.46
2 November 2015

This report is designed to give you a snapshot about the MENA region tackling multiple issues:


        48.9 USD        1,136 USD


    Economic Outlook
  • Due to the reforms made to the business environment, The Sultanate of Oman has been ranked 70
    th in the Doing Business 2016 report conducted by the World Bank, advancing seven ranks compared to last year's reports.
  • Egypt's budget deficit declined by 11.5% of GDP in 2014/2015 compared to 12.2% last year. On the other hand, Egypt's exports to United States increased by 2.1% in 7 months from January to July 2015, while Egypt's exports are expected to increase by 9-10% annually until 2020.
  • Jordan achieved net profits before tax of 27 MM JOD in the first 9 months of 2015 with an increase of 21.4 MM JOD compared to last year.
  • Qatar's trade surplus has fallen to 12.1 BN QR in September 2015 mainly due to significantly lower exports of crude and non-crude as well as natural gas.
  • Job opportunities in Saudi tourism sector is expected to reach 1.7 MM by 2020 as number of vacancies in the tourism accommodation sector in 2015 will reach 113,048 and this number is expected to increase to 129,536 jobs by 2017.
  • The unemployment rate in Jordan reached 13.8% in Q3 2015. The jobless rate reached 11.1% among men while 25.1% among women. On the other hand, unemployment rate among university graduates reached 21.2%.
  • China is Dubai's largest trade partner, as the trade volume between them reached 90 BN AED, while India was Dubai's second largest trade partner with trade volume of 50 BN AED. On the other hand,the total value of Dubai's non-oil foreign trade during H1 2015 reached 652 BN AED with imports of 402 BN AED, exports of 65 BN AED and re-exports of 185 BN AED.
  • Kuwait real estate sector total sales declined by 29% due to the drop in the count of total deals concluded in the market to 1,180 only compared to 1,660 deals during Q2 2015.
  • The Ministry of Water and Electricity in Saudi Arabia will increase tariffs by 50% on water and sanitation services.
  • The decline in oil prices is expected to affect remittances from GCC countries as they are projected to slow accordingly to 3.25% this year and 2.75% next year.
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