The economy of Dubai may be considered an outlier for the region, for although its growth and prosperity has been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of GDP in 2016. While its oil-rich Gulf neighbours have long recognised the need to diversify their economies – but have largely been...
Decades of dramatic growth form the backbone of Dubai’s development, and its leaders wish to see that pattern continue in the future. However, concerted efforts are being made to ensure the impact of that expansion on the environment is minimised. In addition to its plans for rapid adoption of renewable energy generation, the emirate is also...
Will Dubai’s current production levels be enough to supply increasing energy consumption rates?
The economy of Dubai may be considered an outlier for the region, for although its growth and prosperity has been fuelled by its proximity to oil, its own modest hydrocarbons endowment accounted for just 1.3% of GDP in 2016. While its oil-rich Gulf neighbours have long recognised the need to diversify their economies, Dubai’s leaders understood decades ago that the emirate could only prosper...
Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.
What kind of impact is the acquisition of Dragon Oil by ENOC having on the sector’s dynamics?
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