Posts Tagged ‘economic downturn’

Slow transition holds back Tunisian economy

MEED – 10 January 2013 Two years after the 23-year rule of Zine el-Abidine Ben Ali was brought to an end, the recovery of Tunisia’s economy is not going as smoothly as the government might have hoped. On 12 December, Fitch Ratings, one of three major international ratings agencies, downgraded the country’s sovereign ratings. Its [...]

Gas still a challenge for resurgent Middle East market

The combination of the global economic crisis and political turmoil in the Middle East and North Africa made 2011 a tough year for investment in the region. But the significant increase in oil prices and the return of a degree of stability to several of the affected markets means the outlook for the coming year [...]

Middle East awaits steel demand recovery

As the region’s governments invest in downstream iron and steel projects, expectations are high that the commissioning of these new plants will coincide with a rebound in prices A strong outlook for global steel demand is encouraging Middle East countries to develop a processing industry that they hope will make the region a major hub [...]


High gold prices bode well for Middle East

The positive outlook for bullion is good news for Dubai as a niche gold trading centre, and for Saudi Arabia, which is pushing ahead with the exploitation of its gold reserves The inexorable rise of gold prices since hitting a brief low of just over $700 an ounce in late 2008 is showing little sign [...]