Amid an increase in global demand and concerns over key supplies, global oil prices are approaching $100 per barrel for the first time since 2014. But, with prices rising, what does this mean for the renewable energy transition, especially in Gulf countries?
A number of remittance-focused financial technology (fintech) start-ups are gaining traction in emerging markets. In doing so, they are making inroads on market share that was formerly the preserve of established financial service providers.
Sustained investment and foresighted policy initiatives meant that the UAE and Abu Dhabi had developed a modern and effective public health system prior to the pandemic, supported by a growing number of private operators offering complementary services.
Abu Dhabi had already developed a vibrant digital economy prior to Covid-19, with advanced ICT infrastructure in place and a digital-first approach that meant public services were easily accessible online.
With the world economy heading into a complex post-pandemic recovery, GCC governments have outlined a wide-ranging set of environmental targets – and shone a stronger spotlight on sustainability.
On the back of higher oil prices and a stronger global economic environment, the Middle East returned to growth in 2021, with a number of governments taking the opportunity to implement long-term plans aimed at diversification and modernisation.
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