MENA | GCC restricts travel further; five years of Vision 2030
The OPEC+ meeting on 27 April saw oil producers stick to agreements made
earlier in the month. It is expected that the consortium will gradually lift oil
output as global demand recovers from the pandemic, bringing around 2.1m b/d back to the market in May-July, easing cutbacks to 5.8m b/d.
What you will learn:
- On the fifth anniversary of the announcement of Vision 2030, Crown Prince Mohammed Bin Salman made announcements on plans for the future of the Saudi economy.
- Regional cases of Covid-19 continue to rise, with several GCC countries reporting high numbers.
- Further measures are being put in place to curb contagion, including an extension of the curfew in Kuwait until the end of Ramadan in mid-May and a ban on flights from India to the UAE and Oman.
Tags:
Related Services
Post
Industry Key Themes 2025: Industrial landscape at a critical juncture
Following prolonged weakness in 2022 and 2023, industrial growth is now regaining momentum.
Find Out More
Post
Czech Republic: Near-term recovery, long-term struggle
We believe the Czech Republic will move to the upper one-third of the fastest-growing EU economies in 2025-2026 after lagging its EU peers in the last four years. However, much of this will be catch-up growth, mainly in consumer spending, where a large shortfall remains. Relative to pre-pandemic, the economy will remain in bottom one-third of the EU, behind its CEE peers.
Find Out More