The importance of the UK and UAE’s partnership for global trade and prosperity
The Middle East
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In a year in which significant political efforts have been made to speed up the energy transition, 2021 has also been record-breaking for green finance, as governments, international institutions and lenders alike seek to support the shift towards renewables.
Following on from a year in which supply chains and international travel were severely disrupted, 2021 saw an increase in global cooperation, as institutions, businesses and governments alike sought to work together to find solutions to some of the world’s major challenges.
Economic update | Report: Was Oman's banking sector resilient enough to support economic stability during the pandemic?
7 Dec 2021
Oman’s economy was heavily reliant on hydrocarbons when the pandemic began, creating fiscal pressures as demand and prices fell.
Economic update | Report: What are the post-pandemic prospects for Qatar’s start-ups and SMEs?
3 Dec 2021
The disruption to daily life created by the pandemic has precipitated an acceleration of the digital transformation process already under way in the corporate sector in Qatar, with private firms waking up to the potential to enhance productivity and generate new revenue streams through digital solutions.
The shift away from hydrocarbons and towards sustainable forms of energy continued in 2021, with new renewable generation capacity set to reach an all-time high and the international community committing to reduce carbon emissions at the latest UN Climate Change Conference (COP26). For emerging economies, this transition heralds a specific set of challenges – as well as potential benefits.