The economic narrative of Dubai has shifted in recent years, from passage through its first financial crisis as a major player in the global economy to a more forward-looking version of itself.
The economic narrative of Dubai has shifted in recent years, from passage through its first financial crisis as a major player in the global economy to a more forward-looking version of itself.
Since Saudi Arabia began reducing its domestic wheat production in 2008, the issue of food security has been high on the agenda for governments in the GCC region. The kingdom, which was once self-sufficient in the grain and even exported to the wider region, recognised a fact that is true across the whole of the Arabian Peninsula: it is...
With crude oil prices low and seen as unlikely to return to levels above $100 in the next few years, the matter of taxes has been pushed to the forefront of debate in Dubai. The establishment of some form of general taxation has been one of the longest-running political issues in the emirate, the UAE and the wider region. With public revenues...
Level 112 of the Burj Khalifa offered a birds-eye view of Dubai to participants at the Dubai Plan 2021 Creative Labs event in March 2016. The symposium was a follow-up on the original cycle held in 2014, which formulated an ambitious strategy by which the emirate intends to build on the foundations it has already established. The 2016...
With a raft of large-scale, government-led development projects on the docket, rising retail deposits and strong support from regulators and other authorities, Kuwait’s banking sector is widely considered to be poised for a period of long-term growth. This follows a difficult period linked to the broader economic volatility that has impacted...
With low oil prices continuing to take their toll on the Kuwaiti economy, the government is hoping investment in the small and medium-sized enterprise (SME) sector begins to pay dividends. Indeed, there is significant room for growth in Kuwait’s SME sector: it contributes just 3% to GDP, compared to an average of 50% in high-income economies,...
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