GSN Issue 984 - Risk Management Report 2015

GSN’s annual New Year assessment of the political and economic factors that impact on the region includes individual reports and revised full-page maps for the GCC, its member states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the UAE) plus Iran, Iraq, Iraqi Kurdistan and Yemen.

The past year has not been a good one for the Middle East, and, while the six Gulf Co-operation Council (GCC) monarchies remain a relatively stable and prosperous oasis in a troubled region, 2015 is by no means shaping up to be an easy year. With the exception of the emirate of Dubai (recovering from a low base triggered by its past credit crunch woes), none of the GSN political risk grades have risen during 2014. Iraq has been downgraded, and negative momentum identified in Saudi Arabia, Kuwait, Oman and Yemen. Economies face pressures from further conflict and punishing falls in the price of oil. Years of high oil prices that allowed for foreign reserves to build – and in some cases significant diversification from hydrocarbons dependency – will stand the richer states in good stead; for others, there are tough times ahead.

Example entry from the report:

QABOOS’ HEALTH: Sultan Qaboos has been away from Oman for more than six months, having flown to Germany for medical treatment in July. There has been no official word on what is wrong with him, but numerous sources have told GSN he has cancer, most likely of the bowel. On 5 November, he appeared on state television to say he would not be returning home for the national holiday on 18 November (his 74th birthday). He looked very thin, but said he was responding well to his medical programme.

This product can be accessed as part of a GSN subscription (it was originaly published as Issue 984), or purchased seperately for £125 (Excl. UK VAT)
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Bahrain's Economic Performance

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Gulf boundaries and hydrocarbons infrastructure

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The Gulf region: economy and society

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Iraqi Kurdistan hydrocarbons infrastructure map

Revised in January 2015, this map provides a detailed overview of hydrocarbons infrastructure in the Kurdistan area of Iraq.

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GSN View

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Events

14-16 October

Middle East Process Engineering Conference & Exhibition (MEPEC)

Bahrain International Exhibition & Convention Centre

14-16 October

World Petroleum Council (WPC) Downstream Conference

Bahrain International Exhibition & Convention Centre

14-16 October

Leadership Excellence for Women Awards & Symposium

Bahrain International Exhibition & Convention Centre

19-21 November

Middle East Electricity Saudi

Riyadh International Convention Center, Riyadh Kingdom of Saudi Arabia

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