Economic Research Forum (ERF)

Assil El Mahmah

Author

Assil El Mahmah
Economist

Content by this Author

Economic challenges for the GCC countries after Covid-19

Similar to most net oil-producing countries, the economies of the Gulf Cooperation Council are affected by two simultaneous shocks: the Covid-19 outbreak and lower oil prices. In response, GCC governments have adopted sizeable stimulus packages to attenuate the negative impact of the crisis, while putting more pressure on their fiscal positions. This column discusses how GCC countries should strike the right balance between supporting economic recovery while ensuring fiscal sustainability and macroeconomic stability.

Fiscal policy in the GCC countries: towards ensuring sustainability

The countries of the Gulf Cooperation Council (GCC) are all seeking to promote diversification of their economies away from continued dependence on the energy sector, yet oil prices remain the main driver of economic growth in the region. This column discusses how the GCC countries should respond to the ‘new normal’ of ‘low for long’ oil prices, with a goal of supporting growth while ensuring fiscal sustainability and macroeconomic stability.

The United Arab Emirates’ dilemma

As energy-producing economies strive to reduce their reliance on oil revenues, they must strike a balance between the competing demands of fiscal sustainability and steady growth of the non-energy sector. This column outlines how the United Arab Emirates is addressing this challenge.

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Global value chains and sustainable development

What is the role of exchange rate undervaluation in promoting participation in global value chains by firms in developing countries? What is the impact of the stringency of national environmental regulations on firms’ GVC participation? And how do firms’ political connections affect their participation in GVCs? These questions will be explored for the MENA region at a special session of the ERF annual conference, which takes place in Cairo in April 2025.

Adoption of decentralised solar energy: lessons from Palestinian households

The experience of Palestinian households offers a compelling case study of behavioural adaptation to energy poverty via solar water heater adoption. This column highlights the key barriers to solar energy adoption in terms of both the socio-economic status and dwellings of potential users. Policy-makers need to address these barriers to ensure a just and equitable transition, particularly for households in conflict-affected areas across the MENA region.

Migration, human capital and labour markets in MENA

Migration is a longstanding and integral part of the MENA region’s economic and social fabric, with profound implications for labour markets and human capital development. To harness the potential of migration for promoting economic and social development, policy-makers must aim to deliver mutual benefits for origin countries, host countries and migrants. Such a triple-win strategy requires better data, investment in return migration, skill partnerships, reduced remittance costs and sustained support for host countries.

Shifting gears: how the private sector can be an engine of growth in MENA

Businesses are a key source of productivity growth, innovation and jobs. But in the Middle East and North Africa, the private sector is not dynamic and the region has a long history of low growth. This column summarises a new report explaining how a brighter future for MENA’s private sector is within reach if governments rethink their role and firms harness talent effectively.




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