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.
UAE: Sharjah
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With the current semester winding up, many higher education institutions in the Gulf are already planning an expanded offering of courses for the next academic year – with a focus on supporting the needs of the region’s post-pandemic economy.
Economic update | Report: Will digitalisation in UAE higher education spur longer-term economic growth?
28 Jun 2021
The UAE’s robust current account balance cushioned the economy against the twin global challenges of Covid-19 and the oil price drop in 2020. Lockdowns were implemented to protect public health, and Emiratis migrated online.
With Saudi Arabia's flagship Red Sea tourism project securing $3.8bn in green financing, various governments in the Gulf region are looking to new, alternative tourism models to drive their pandemic recoveries, with an emphasis on ecological options and "staycations".
– 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