riskandforecast

Risk Watch

Bulgaria  20/01/10

Bulgarian Construction Slumps 22%

Construction output plunged 21.9% in November 2009 compared to the same month a year ago, according to preliminary data from the Bulgarian National Statistical Institute published on January 11....
Czech Republic  20/01/10

Record Planned Deficit May Climb Even Higher

Czech President Vaclav Klaus signed a 2010 budget law that anticipates a record budget deficit of CZK 162 billion (€6.2 billion), or 5.7% of GDP....
 
Bahrain  18/01/10

Increased Al Qaeda threat in GCC according to Kuwaiti press

A leading Kuwaiti daily reported government sources as saying that there is an increased Al Qaeda threat in the Gulf, in view of the ongoing Yemen war....
Kuwait  18/01/10

Parliament passes law to “forgive citizens debt”

The Kuwaiti parliament has passed a law effectively cancelling interest repayment on and rescheduling of debt by Kuwaiti citizens. The government has expressed strong opposition against the law....
 
Bahrain  18/01/10

Investments in industrial city expected to reach US $ 8 billion

Bahrain has announced that US $3.5 billion have been invested in its industrial city, which is under construction. The city is an integral part of the country’s plans to diversify its economy....
Bahrain  18/01/10

Protests erupt against government plans on subsidies

The possibility of the Bahraini government limiting food and petrol subsidies has resulted in the eruption of protests in Bahrain....
 
Saudi Arabia  18/01/10

Saudi Arabia moves to limit death penalty

Saudi Arabia’s Shura Council vote to make it more difficult to pass the death penalty indicates that the government is moving ahead with reforming plans, despite reservations by traditionalists....
Yemen  18/01/10

Clerics call for Jihad against foreign military intervention

Leading Islamic clerics in Yemen have called for a Jihad against foreign intervention in the country. This call will make it more difficult for the government to fight Al Qaeda....
 
Yemen  04/01/10

Yemeni parliament approves 2010 budget

Yemen’s economy is heading towards very difficult times as the 2010 draft budget is approved....
Yemen  04/01/10

Yemen opens up front against Al Qaeda

Al Qaeda in Yemen is succeeding in rallying the local population around it as an army strike kills women and children....
 
Kuwait  04/01/10

Racial tensions rise in Kuwait as TV station is closed

Racial tensions rise in Kuwait as an independent TV channel is put off after broadcasting racial remarks....
Dubai  04/01/10

Dubai’s UP open to receiving government help as construction workers strike

Dubai’s Union Properties new Chairman announces that the company does not need government assistance. However, over 1,000 construction workers have held a rare demonstration due to unpaid salaries....
 
Dubai  16/12/09

Abu Dhabi lends Dubai in last minute manoeuvre

Abu Dhabi has decided to give Dubai a life-line by lending Dubai US $ 10 billion. This is a temporary solution, without which both Dubai and the UAE in general would have suffered greatly....
Dubai  16/12/09

Dubai Government says it will not guarantee debts of Dubai World

The reaction of Dubai government sources after the announcement of the Dubai World debt standstill has only contributed to further shaking the confidence in the way the emirate’s economy is run....
 
Dubai  16/12/09

Emaar and Dubai Holding call-off merger plans

The calling-off of the merger talks between Emaar and Dubai Holding is seen as a necessary move to limit the damage of the debt standstill....
Saudi Arabia  16/12/09

Risk of Houthi conflict turning into Saudi civil war

Saudi Arabia is now well into a full engagement fighting the Houthi rebels. The longer the conflict continue, the greater the risk of it turning into a local Saudi problem....
 
Kuwait  16/12/09

Kuwaiti PM undergoes parliamentary questioning in a landmark move

Should the situation between the parliament and government deteriorate further, a suspension of the constitution and parliamentary life - although a serious issue, may be more palatable by the public....
Yemen  16/12/09

Threat of secession increases as anarchy reported in South Yemen

The threat of the secession of the former South Yemen has increased as reports come in of increasing anarchy as central government police forces are unable to stop killings and kidnappings....
 
Bulgaria  14/12/09

Order, Law and Justice's Parliamentary Group Dissolves in Bulgaria

Member of Parliament Mario Tagarinski quit the Order, Law and Justice (OLJ) party caucus, leaving it with nine members – one less than required for forming a parliamentary group....
Bulgaria  14/12/09

Bulgarian Government Sets Eurozone Entry as Top Priority

At the Economist Conferences' Eighth Business Roundtable with the Government of Bulgaria, PM Borisov declared his government would make every effort to adopt the euro before its term expires in 2014....
 
 

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