Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf itself. Leveraging its strategic location, it has invested in infrastructure with the goal of becoming a global logistics centre. While less hydrocarbons-rich than its GCC neighbours, the sultanate’s diversification efforts are a driving force behind its economic...
The Middle East
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Chapter | Country Profile from The Report: Oman 2017
Despite ongoing economic pressures associated with the drop in oil prices, Oman’s diversification strategy and efforts to enhance wider revenue streams are beginning to bear fruit, as witnessed by continued growth in the non-oil sector despite dropping incomes and wider regional instability.
The top economic and business highlights from Abu Dhabi in the third and fourth quarters of 2016.
The state-owned Abu Dhabi National Oil Company (ADNOC) announced plans in November to more than double petrochemical production over the next decade as part of its 2030 strategy.
Economic view | Sheikh Faisal bin Qassim Al Thani, Chairman, Al Faisal Holding, on developments and opportunities in the economy
1 Feb 2017
What prompted the recent acquisition of Banif Bank in Malta and does this signify a new strategy of diversification into financial services?
Economic update | Ambitious federal targets set to reshape Sharjah’s long-term energy mix
31 Jan 2017
Sharjah is looking to improve energy efficiency and increase renewable power production as part of a UAE-wide drive towards cleaner energy.