- The Middle East and North Africa region is expected to witness modest growth rates, averaging between 1.5% and 3.5% during the period from 2019 to 2021, compared to 1.6% in 2018.
- Over the past years, the countries of the region have witnessed large inflation rates as a result of economic reforms, reducing government subsidies on energy prices, and implementing value-added tax (in Egypt, UAE, Saudi Arabia), and Oman is scheduled to start implementing the tax at the end of this year, and Kuwait during 2021.
- The economic growth rates of the oil-exporting countries are expected to reach 2.1%, while the expected economic growth rates for the oil-importing countries will reach about 4% during the same period, affected by the strong growth in the Egyptian economy.
Iron ore price falls below $90 for first time since 2022
9 September، 2024
