Oliver Cornock: ALL BLOG POSTS
While in 2016 the world’s fastest-growing economies suffered due to low commodity prices and currency depreciations, Dubai still enjoyed steady GDP growth at around 4% and an increased drive towards consolidating its position as a knowledge-based economy.
The story of Kuwait’s economy, like so many of its neighbours, has been dominated by oil and, before that, by pearling and fishing, so it is little surprise that Kuwait Vision 2035 draws on the country’s trading past to secure its future. Large-scale infrastructure projects and increased private sector participation in the local economy should help the country navigate challenging external economic conditions.
On Tuesday's (04/10/16) newspaper review with BBC World News, OBG managing editor Oliver Cornock discusses the deterioration in diplomatic relations between the US and Russia, and the economic uncertainty driven by the emergency rule extension in Turkey with the Turkish Lira dropping further. The review also covers the story on the US congress overturning Obama’s 9/11 veto bill, and more.