Economy

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At a conference in Riyadh in May 2012, Abdul Latif bin Rashid Al Zayani, the secretary-general of the GCC, addressed the numerous changes that have taken place in the region in recent years. “The new political, security and military challenges – as well as insecurity in the Arab region and the changes in the regional and global forces of power...

In recent years, we have spoken of the need to invest in a modern and efficient infrastructure throughout all the sectors of our land, and we are now regularly seeing the fruits of those labours. Better communications, whether by land or sea or air, more advanced technology, further development of our energy resources from which we fund our...

Petroleum wealth in Oman means the government has little need to sell bonds, which is the primary reason a robust market for debt securities has yet to develop. While the sultanate does sell bonds from time to time, the amounts are usually small and there are no regular schedules for any instruments other than short-term debt used by banks to...

London’s relationship with the Gulf has undergone a remarkable transformation over the past 200 years or so. Gone is the time when Britannia ruled the waves, doing deals to protect Gulf states in exchange for the control of foreign policy. Today, our ties with this booming region are far more reciprocal, a fact that a trip to any ultra-chilled,...

Turkey attaches great importance to its relationship with GCC member states and wishes to develop its relations with these countries both on a bilateral level and within the framework of the GCC. We highly value our dialogue with the GCC and wish to upgrade it to a strategic partnership. Turkey acts in close cooperation and solidarity with GCC...

Strong fundamentals underpinned by the hydrocarbons industry and increasing private sector activity point to sustained expansion for Saudi Arabia in 2014, but the economy is showing signs of slowing as the impact of the government’s stimulus package tapers off.

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