More female employees are joining workplaces and boardrooms in the UAE and Saudi Arabia, with gender equality a key target of a regional drive to improve environmental, social and governance (ESG) standards.
Saudi Arabia Economy
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In which areas did small and medium-sized enterprises (SMEs) face the most pressing pandemic-related challenges, and how were those issues mitigated?
Economic update | Privatisation in the Gulf: the key to both recovery and diversification?
27 May 2021
With Saudi Arabia announcing plans to raise $55bn through its privatisation programme, Gulf countries are stepping up efforts to stimulate private investment in public assets and projects, with a view to strengthening state finances, spurring diversification and driving their respective Covid-19 recoveries.
– Economies in the region were hit by reduced trade volumes and lower oil prices
– Governments launched extensive stimulus packages to stabilise their economies
– Short-term recovery will be tied to oil prices and the resumption of travel
– The pandemic looks set to accelerate economic diversification efforts
While many Gulf nations were already working to diversify their economies prior to the coronavirus pandemic, the subsequent economic downturn and collapse in oil prices has meant that governments in the region have had to reassess and – in some cases – accelerate their strategic plans.
Economic update | Will Covid-19 containment measures accelerate the transition of Saudi Arabia into a cashless society?
14 Apr 2020
As residents of Saudi Arabian cities adjust to life under curfew, the adoption of digital payment methods is being incentivised to sustain commercial activity during the coronavirus pandemic.