Economy

Although Yemen is only a relatively small oil producer, it will enjoy a considerable windfall this year from current high global prices.

We expect real GDP growth to push higher in 2008 and 2009, to come in around 4.0% and 4.3% respectively, on the back of non-oil sector expansion, increasing oil production and a jump... 2008-07-22

We are forecasting real GDP growth of 5.0% and 4.6% for 2008 and 2009 respectively, as high oil prices will ensure adequate fiscal revenues and oil export earnings.

Our forecasts are for year-end inflation to hit 10%, but if the government wants to see the rate drop below these levels, and remains unwilling to drop the dollar peg, it will have... 2008-07-22

BMI View: International sanctions are continuing to overshadow the Iranian economy, and while we expect economic growth to hold up above 3.5% over the forecast period, there are now... 2008-07-09

BMI View: We are forecasting annual real GDP growth of 4.1% by 2012, and 3.3% by 2017, on the back of slowing oil production growth, a long-term easing in oil prices and economic... 2008-07-08

We are forecasting UAE export revenues to hit US$272bn in 2008, on the back of rising oil receipts for Abu Dhabi (which controls the bulk of the country's oil reserves). Dubai has... 2008-06-27

High oil prices will drive the UAE's current account surplus skywards in 2008. The balance will ease in 2009 and 2010 as energy prices fall back, although growth in non-oil sales... 2008-06-23

Recent months has seen some extraordinary moves in the Iranian Rial, as the government looked to have intervened to halt the unit's long-held depreciatory crawl, and instead support... 2008-06-20

Real GDP growth is set to jump in 2008 to hit 11.2%, up from an estimated 5.5% in 2007, on the back of a jump in oil production, a rapid rise in oil prices and strong growth in the... 2008-06-20