Middle East & North Africa Economics

Middle East Chart Book

12 April, 2018

Geopolitical fears rise, higher oil price offers some relief

Mounting tensions surrounding the conflicts in Syria and Yemen have rattled financial markets in the MENA region, but the associated rally in oil prices should limit the economic fallout for the Gulf. A chemical weapons attack on the Syrian city of Douma has raised the prospect of fresh military action in the country by Western powers, while the Houthi rebels in Yemen have fired more missiles towards Saudi Arabia. It’s unclear how things will develop from here. On the economic front at least, consume

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