Founder and President of Nasser Saidi & Associates and Former Chief Economist and Head of External Relations at the DIFC Authority and Executive Director of Hawkamah, The Institute for Corporate Governance and Mudara Institute of Directors Dr. Nasser H. Saidi is the former Chief Economist and... Read More
Established in 2012, we provide economic advisory and business consultancy services to a diverse range of stakeholders in the Middle East and North Africa region ranging from the public sector and private sector, government related enterprises, banks and financial institutions as well as Central Banks... Read More
Give and Take Nasser Saidi says Saudi Arabia’s journey towards diversification risks simply being a long wish list if the Gulf state can’t marry reforms with freedoms With oil prices nose-diving since June 2014, Saudi Arabia (and the other GCC nations) has experienced a sharp drop in economic growth along with rising budget and current account deficits. Faced with higher borrowing costs (and CDS spreads), lower liquidity, and dampened credit growth, Saudi has to undertake major policy reforms for both fiscal consolidation and greater economic diversification. Long March Forward The release of its ambitious National Transformation Plan (NTP) confirms that Saudi has chosen the path of shock therapy as opposed... Read More
The original article titled “A Crisis At Hand” was published on 10th August 2016 in Newsweek Middle East; comments highlighted below. A Crisis At Hand When governments don’t pay companies, salaries get delayed and migrant workers suffer Mohammed, a Lebanese man in his thirties, spends his days worrying about how he will repay the loans he has taken against his overdue salary payments. He has sold his car, his furniture, sent his wife back to Lebanon, and currently lives with a friend in Saudi Arabia waiting for Saudi Oger to pay him what he is owed. Saudi Oger, the company Mohammed and over 30,000 employees work for, is one of the... Read More
The original article appeared on The National on 16th July 2016, and can be accessed here. For residents of the largely tax-free economies of the GCC, the debate about the introduction of new taxes and tax regimes is one of natural concern. But at the broader government policy level, there is much to recommend the slow and carefully planned introduction of new forms of taxation that will generate new revenue streams and contribute to macroeconomic and financial stability in economies traditionally dependent on petrochemicals. One way of introducing new levies is excise taxes on products such as tobacco, which will generate revenue as well as help control consumption and reduce health-care... Read More
The Sky News Arabia TV interview with Dr. Saidi was aired on 5th July 2016 as part of the program Alam Al Taqa. It can be viewed here (begins 13 minutes into the video), and covers a wide range of topics related to clean energy: associated investments, technology costs, legal and regulatory framework, as well as the challenges and opportunities in the MENA region.
This article appeared in the print edition of Gulf Business, July 2016. Click here to download the print version. An extended version, including charts, is available for download here. Is the gold rush a panacea for risk or a delusion? Gold prices had been on the decline since rallying strongly after the great financial crisis and peaking above the $1,800-mark in 2012. But after touching a seven-year low in early January 2016, gold has been looking up, with the bullion surging by 20 per cent and more this year. Markets, including gold, have been volatile over the past year with investors reacting to a multiple risks. These have included expectations of United... Read More