Having declared its independence from the UK in 1971 as part of the federation of the UAE, the emirate of Abu Dhabi has significantly raised its political and economic profile in the intervening years, both regionally and internationally. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenue....
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Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.
In recent years, Papua New Guinea has moved away from its long-held policy of tariff reductions, towards import substitution and self-sufficiency. As the coronavirus pandemic underlines vulnerabilities in public finances and international supply chains, efforts to scale up local industrial production are likely to take on renewed importance, as is the need to reduce exposure to unsustainable debt.
The economic fallout from the coronavirus pandemic has had a significant impact on business investment. However, while the volume of investments has plunged worldwide, there are hints that South-east Asia could see new mergers and acquisitions (M&As) in specific sectors.
Articles & Analysis | Long-term vision: The country’s development strategy provides a guide to its post- Covid-19 economic recovery from The Report: Egypt 2020
The Egypt Vision 2030 strategy is more of a statement of broad economic intent than a precise roadmap. However, against the backdrop of the global Covid-19 pandemic and with government policy focused on short-term mitigation efforts, the document provides as a useful reminder of the nation’s long-term economic ambitions. Launched in 2016, the strategy aims to create a “...
