In the decade since the passage of Kuwait’s foreign direct investment (FDI) legislation, the nation has worked to capitalise on the numerous advantages it offers investors from beyond its borders. These include: its location between Iraq and Saudi Arabia; a relatively open economy with a thriving merchant class; one of the most vocal and democratic...
Boosting economic integration among the Gulf states has been a key component of the GCC since the organisation was established in late May 1981. Indeed, while the six countries that make up the GCC – namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have implemented joint projects in a wide variety of sectors, economic cooperation...
A global giant among oil-producing nations, Kuwait’s economic and industrial fortunes over the past half-century have demonstrated both the nation’s prowess and resilience since independence in 1961, delivering one of the highest GDPs per capita in the world. In parallel, the emirate is also host to the region’s most politically liberal and...
In a speech delivered at a conference in Riyadh in early May 2012, Abdullatif bin Rashid Al Zayani, the secretary-general of the GCC, addressed the numerous changes that have taken place in the region in recent years. “The new political, security and military challenges, at the regional and international levels, as well as insecurity in the Arab...
Tourism has long provided a steady flow of revenues to Jordan’s economy, with the sector accounting for 13% of GDP. In 2012 the kingdom’s tourism industry rebounded nicely; tourism receipts increased 15.3% year-on-year from JD2.13bn ($3bn) in 2011 to JD2.46bn ($3.46bn) in 2012. While much of this boost in the sector can be attributed to the...
While most economic activity in Jordan is concentrat-ed in Amman, the southern city of Aqaba is playing an increasingly significant role. The city sits at the Red Sea’s north-eastern tip and roughly 300 km to the south of the capital. With a history dating back to 4000 BCE, the area has long been a centre for trade. Today, Aqa-ba is home to a...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×