Economy

While government-related entities (GREs) play an important role in the economy, Dubai has one of the most dynamic private sectors in the Gulf. A diversified activity base and attractive business environment have drawn in high levels of foreign direct investment. Private firms are particularly dominant in the small and medium-sized enterprise (...

Dubai’s economy is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment. Despite producing little oil, growth has been affected in recent years by the knock-on effects of the fall in international oil prices and a consequent slowdown...

For the nations of the GCC, the drop in oil prices highlighted something many already knew – there is a pressing need for economic diversification and to further engage with global partners across different markets. To this end, countries in the region have made efforts to expand their international role and reach in recent years, with trade...

Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...

Long one of the continent’s success stories, Ghana is the birthplace of pan-Africanism and was one of the loudest advocates for independence during the continent’s colonial days. More recently it has promoted regional integration as an active participant in bodies such as the African Union and ECOWAS. The country has also established a strong...

As a founding member of both ECOWAS and the African Union (AU), and an early champion of decolonisation, pan-Africanism and the principles of the Non-Aligned Movement, Ghana has long played a central diplomatic role on the continent.