RaboResearch - Economic Research

Special Dutch version

The GCC: going cold turkey on oil?

The oil-rich Gulf Cooperation Council (GCC) countries suffer from the oil price slump while diversification will prove difficult. In the short-run, the necessary budgetary consolidation Oman, Bahrain and Saudi Arabia will weigh on political risk.

Country Report

Country Report Kuwait

The growth of Kuwait’s hydrocarbon dependent economy slowed further in 2014, as oil prices slumped. Stimulating development of the non-oil sector requires reforms that will be difficult to pass, especially if they come at a cost of welfare programmes. Meanwhile, the political situation eased somewhat as the current parliament is proving more cooperative.

Country Report

Country Report Bahrain

The oil price decline negatively affects economic growth and puts pressure on the fiscal position of Bahrain. Meanhile, Saudi Arabia is still (implicitly) backing the Sunni Al-Khalifa regime, both financially and militarily, in an effort to keep Iran at bay.

Economic Comment

Iran/VS: een nucleaire deal met impact (Dutch)

Door de onlangs gesloten raamwerkovereenkomst zullen Westerse sancties tegen Iran mogelijk opgeheven worden. Als deze deal er komt zal Iraanse olie weer toegang hebben tot de wereldmarkt, wat olieprijzen verder zal drukken dan tot dusver werd verwacht.