Sep 27 2010
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AKE Releases Latest MENA Political Risk Ratings
Israel has been taken off negative watch amid sustained growth in recent months, although there are ongoing concerns over a possible fall in exports in the coming quarter. The political situation as regards the Palestinian territories also continues to threaten the security environment, which could have a negative impact on the investment climate if current peace talks fail.
Conversely the Palestinian territories have been put on positive watch amid rising economic growth in the Gaza Strip. However, note that this growth was from a very low level and should not be taken as grounds for optimism. The overall political risk rating remains very poor.
Oman has been put onto positive watch amid projected growth over the coming months and following sustained growth so far this year. After suffering through the global downturn Oman has been a good performer in 2010.
Morocco has been taken off negative watch amid steady growth. However, any serious downturn in Europe over the coming months will have a negative impact on the economy.
Tunisia remains on negative watch because of its greater level of exposure to the European market, and subsequently higher vulnerability to developments north of the Mediterranean.
Otherwise, AKE has not altered its political risk ratings for Algeria, Egypt, Iraq, Jordan, Kuwait, Libya, Qatar, Saudi Arabia, Syria or the United Arab Emirates.
We anticipate an improvement in conditions in the UAE over the course of the coming year and look forward to placing the country on positive watch at some point in the future.
A tentative liberalisation of the financial sector in Syria may also provide grounds for putting the country on positive watch in 2011.
In Iraq conditions will worsen if the government-formation process is delayed further. AKE is also concerned about a possible escalation in inter-communal violence in the event that a national census is held in October.
Founded in 1991 by Andrew Kain, AKE Ltd provides security and risk management services to the insurance, shipping, engineering and energy sectors, as well as supporting NGOs and the Media in more challenging parts of the world.
The AKE intelligence department, based in Lloyd's of London, provides forecasting and political risk analysis to a variety of global clients.
To receive a copy of AKE 's full worldwide political risk ratings please contact the intelligence office at firstname.lastname@example.org +44 (0) 207 816 5454.
Follow us on twitter: www.twitter.com/akegroup
© Press Release 2010
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