One of the more notable global economic trends observed during the second half of 2014 was the sustained slide of oil prices. After trading above the $100 mark since 2011 and starting 2014 around $110, from August 2014 Brent North Sea Crude began a decline, which saw it dip below $70 by early December 2014 and end the year at $56. Naturally, attention turned to...
An impressive roster of events is helping to attract business and travellers to Abu Dhabi, as a result transforming it into a major regional tourism destination. What do the F1 season finale, the legendary British rock band The Who, the final of the International Sailing Federation Sailing World Cup, the Taste of Abu Dhabi food festival and the world premiere of a new...
As home to the capital of the UAE, the emirate of Abu Dhabi hosts many of the institutions that oversee the nation’s social and economic development. Over recent decades these bodies have put the country’s hydrocarbons resources to good use, employing the sizeable revenues to underpin an ambitious strategy of economic diversification. The results of this effort are...
The expansion of the UAE’s non-oil sector over the past 10 years has been one of the major economic success stories to emerge from the country. A number of factors have combined to bring this about, nearly all of them a direct result of government policy. The nation’s openness as a business destination, the resulting expansion of the workforce and expatriate population,...
A new financial centre for Abu Dhabi is taking shape on Al Maryah Island. Due to formally launch in 2015, Abu Dhabi Global Market (ADGM) is designed to promote the emirate as a global financial centre, develop the economy and make Abu Dhabi an attractive environment for financial investments. Developing the financial services sector is one of the seven pillars of Abu...
The best way of using public funds to encourage entrepreneurship has long been a source of debate. Market purists argue that a government’s role is primarily that of an enabler, in that its core focus should be on creating an environment in which capital can flow from investors to new businesses. The classic example of this approach is Silicon Valley, where a confluence...
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