Why the Gulf region can play a key role in global economy
Jan 11, 2023 · The Gulf countries are all committed to attracting foreign direct investment (FDI), which, even amidst global economic challenges, has been rising again in recent years, from a regional total of $14.5 billion in 2017 to $44.4 billion in 2021. Bahrain alone attracted FDI of $921 million in Q1-3 of 2022.
Africa and the Gulf states: A new economic partnership
Apr 28, 2024 · Africa and the Gulf: An emerging economic partnership. Over the last decade GCC countries have collectively invested over $100 billion in Africa. The UAE has invested $59.4 billion. Saudi Arabia and Qatar have invested $25.6 billion and $7.2 billion respectively. Notably, during this period, the UAE has been the fourth largest foreign direct ...
Why Gulf economies need a transformed role for the state
Feb 11, 2021 · Strong public sector balance sheets have allowed most Gulf countries the flexibility to run large fiscal deficits during the crisis. The region-wide fiscal deficit is estimated at 9.2 per cent of GDP in 2020, up from two per cent of GDP in 2019. Data suggests the economic contraction in 2020 was somewhat less than the 5.7 per cent in the region.
As China-Gulf relations deepen, here are 3 key sectors for growth
Apr 10, 2024 · China is the dominant global player in the clean energy supply chain, controlling significant shares in batteries, wind, and lithium production. According to UN Comtrade data, China’s lithium battery exports to the GCC grew 26% between 2021 and 2022, with a 99% increase in the first three-quarters of 2023. “Gulf countries are very proactive ...
These 5 megatrends will shape the future of the Gulf and beyond
Apr 28, 2024 · Three Arab economies — Saudi Arabia, the UAE and Egypt — are bucking global economic trends and growing fast. The UAE, Saudi Arabia and Egypt are taking a growing role in global political dynamics, leading on issues like climate change and cutting-edge technology. As a new Arab economic renaissance dawns, these states’ actions in the face ...
How can the Gulf's health systems adapt to a changing world?
Jan 20, 2022 · The Gulf Cooperation Council (GCC) countries have been playing catch up with the more developed world for decades, despite making notable strides in these areas. The GCC's demographics have been signalling the dire need for intervention – as evidenced by a growing and ageing population, the prevalence of lifestyle diseases, the need for ...
Why Gulf countries need to invest in renewable energy?
May 15, 2017 · The oil rich Gulf must invest in renewable energy to meet their electricity demands in the future. By diversifying the energy mix, the Gulf countries will have multiple benefits like freeing up hydrocarbon resources for export, fostering economic diversification, accelerating strategically vital job creation, and reducing carbon dioxide (CO2 ...
How industrialisation could future-proof MENA’s Gulf economies
Jun 28, 2021 · The company owns four ports that run 200 weekly maritime services to 40 countries, serving as a commercial gateway from Asia to the Middle East and Africa. Through Asyad’s leadership, Al-Hatmi hopes Oman will be one of the world’s top 10 logistics hubs by 2040.
3 key digital drivers for SMEs in the Gulf - The World Economic …
May 18, 2022 · SMEs in the Gulf Cooperation Council (GCC) have lagged behind their counterparts in the share of economic output. SMEs in the Arabian Gulf contribute 15-30% of GDP, with their share toward the lower end of that range in most Gulf countries. By contrast, SMEs contribute 40% of national income in emerging markets globally, so the gap is clear.
Gulf floods remind us that climate mitigation cannot wait
May 1, 2024 · The April floods in the Arabian Gulf are a stark reminder of the need to invest in climate resilience and mitigation today. Beyond the tragic human cost, the April floods in the Gulf are also expected to have severe economic ramifications. The floods illustrate that investing in climate mitigation is becoming an urgent need for countries the ...