Dubai has made headway despite some challenging economic conditions over recent years. Although political tensions in the region, the 2007-08 global financial crisis and the decline in oil prices from late 2014 have put downwards pressure on the emirate’s economic expansion, a range of new policies and the stimulus of Expo 2020 have eased this...
Dubai’s hosting of the 173-day Expo 2020 has functioned as both an economic stimulus and strategic focal point for years. Having spurred investment in the emirate since 2013, most observers agree that the commencement of the long-anticipated event will provide a useful fillip to several economic sectors. The larger question, however, is on the...
According to the World Shipping Council, Dubai’s Jebel Ali is the 10th-busiest container port in the world, handling nearly 15m twenty-foot equivalent units (TEUs) in 2018. Developed in the 1970s, the facility is now the globe’s largest man-made harbour and the biggest port in the Middle East. It is the only port in the World Shipping Council’...
Amid economic diversification plans under way across the region, GCC states are seeking to both bolster trade relations with countries across the world and draw in foreign investment. Regional governments have found a willing partner in China, which is forging ahead with its bold Belt and Road Initiative (BRI). In 2014 President Xi Jinping of...
Covering a total area of 83,600 sq km, the UAE borders Saudi Arabia to the west and south, and Oman to the east. The country’s coastline stretches approximately 1318 km from the south-eastern shore of the Gulf, nearly reaching the Strait of Hormuz in the north. Most of the country is situated along the Gulf, aside from Fujairah and parts of...
Various developments point to healthy economic performance in the near term for Kuwait. Chief among them are the upgrade of the country’s stock exchange, which has been approved for inclusion in the MSCI Emerging Markets Index; the rollout of projects such as the Silk City development; major upgrades to the oil and gas downstream segment; and...
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