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Insights
Jan-19 The recovery in emerging market and developing economies has stalled. India is a bright spot where strengthening investment and robust consumption will drive 7.3 percent GDP growth. East Asia remains a fast-growing region but growth will moderate to 6 percent in 2019 as global demand slows and financial conditions tighten. Brazil is forecast to lead Latin America with 2.2 percent growth. And in MENA, while GCC oil exporters accelerate to 2.6 percent growth they will be outstripped by Egypt at 5.6 percent thanks to reforms. [image: World Bank]
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Insights
31-Dec-18 Asia's naphtha market looks set to face downside pressure in the first half of 2019 as key producers in the Middle East and Southeast Asia ramp up production, while demand in Northeast Asia could falter during a heavy steam cracker maintenance season. [image: Platts Oil]
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Insights
20-Dec-18 The inauguration of the CSP Abu Dhabi Terminal at the Khalifa Port in UAE marks the completion of another major Belt and Road Initiative project. The semi-automatic terminal was jointly developed by China's COSCO Shipping Ports and Abu Dhabi Ports. [image: HKTDC Research]
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Insights
17-Dec-18 Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as Qatar expands after leaving OPEC. Global oil majors are attracted to the Mexican side of the Gulf as new blocks are opened for development. [image: Chris Ratcliffe / Bloomberg]
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Insights
11-Dec-18 Luxury brands should not overlook the growing market in the Middle East, with a projected growth of 50 percent for clothing and footwear. Sotheby’s notes that demand for rare and modern watches is at an all-time high in the region. [image: Luxury Society]
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