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Chronicle of the Middle East and North Africa

Economy in the Middle East and North Africa

economy
A Saudi female employee adds price tags to merchandise at a hypermarket, newly launched by the operator LuLu and run by a team of women, in the Saudi Arabian port city of Jeddah, on February 21, 2021. AMER HILABI / AFP

Introduction

Almost every country in the Middle East and North Africa has a struggling economy. Conflicts, environmental crises, and public debt are among the factors that have caused major economic crises in the region.

Notably, the Gulf countries represent an exception as oil and gas exports have created exceptional wealth. But with oil prices under pressure, their economic situation has also deteriorated as oil reserves are expected to dwindle in the future. Governments have tried to diversify their economies and invest in renewable energy.

Fanacks’s Economy file presents an analysis of the economic system of each country in the region in its various aspects, such as infrastructure, unemployment, poverty, and more, providing data and infographics on major economic indicators.

Our mission is to offer a worthwhile contribution to the publication of balanced background up-to-date information on the topic from an Arab perspective.

Latest Articles

Below are the latest articles related to economy. Please check the side navigation menu to learn more about specific Middle-Eastern and North-African economy.