This paper examines the links between global oil price movements and macroeconomic and financial developments in the GCC. Using a range of multivariate panel approaches, including a panel vector autoregression approach, it finds strong empirical evidence of feedback loops between oil price...

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...

The objective of the paper is to assess ownership and control links in the GCC corporate sector. The analysis focuses on the integrated ownership and network arising from ownership data available in Bloomberg and GCC stock exchanges. The paper finds that ownership is concentrated in GCC public...

Cover -- CONTENTS -- STRENGTHENING FISCAL POLICY AND BUDGET FRAMEWORKS IN THE UAE -- A. Revenue and Expenditure Trends -- B. Fiscal Sustainability Analysis -- C. Sustainable Fiscal Policy Measures -- D. Strengthening Budgeting Approach -- E. Conclusions -- References -- BOXES -- 1. Water...