The Middle East Economy

Displaying 175 - 180 of 2003

 

Through which initiatives is ADCCI encouraging the development of local entrepreneurs?

 

Abu Dhabi has leveraged its hydrocarbons wealth to pursue a sovereign investment strategy that spans the globe, establishing itself as one of the largest overseas investors in the world. To strengthen the exchange of capital and ideas, the government has worked to create free zones to capture foreign direct investment (FDI), benefitting the...

 

Lower oil prices and a rigorous process of fiscal reform have led to a challenging economic backdrop for Abu Dhabi’s residents and businesses in recent years. Although concerns that the Covid-19 pandemic of 2020 would lead to a global downturn in the year ahead loomed large at time of writing, a shift to a more expansionary fiscal stance has...

 

What is being done to foster foreign direct investment (FDI) in the current challenging context?

 

Ghadan 21, or Tomorrow 21, is Abu Dhabi’s Dh50bn ($13.6bn) economic accelerator programme and one of the most ambitious development strategies deployed by the emirate. Launched in September 2018, the programme represents the government of Abu Dhabi’s response to a series of external shocks, including geopolitical tensions, a low global growth...

 

The UAE – under the leadership of Sheikh Khalifa bin Zayed Al Nahyan, president of the UAE and ruler of Abu Dhabi, and Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE, and ruler of Dubai – is capable of overcoming crises. This is due to both the capacities of the country and the efforts of its citizens and...

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