Economy

The past decade has seen substantial changes in the global economy and geopolitics, with the rise of China and Russia’s re-emergence on the global stage being two particularly important trends. These developments are creating new opportunities for GCC member states as they look to diversify their economies and trade, seek investment...

Economies around the Gulf region have faced a challenging economic environment since the second half of 2014, but a more optimistic outlook for international oil prices in 2017 has offered some welcome relief. The process of fiscal reform that the oil price decline precipitated is, however, set to continue. The restructuring of Abu Dhabi’s...

With substantial financial buffers and hydrocarbons reserves that are among the world’s largest, Abu Dhabi has increased its political and economic influence in recent years, both regionally and globally. From renewable energy to health care and aviation, a rapidly diversifying economy means that the emirate is well placed to weather the...

In June 2016 the UN High Commissioner for Refugees said that the total number of displaced persons globally topped 65m, the highest number since the agency began collecting data during the Second World War. Given the size of the task, a multifaceted response is required, enlisting the help of multilateral institutions, national governments and...

Both the federal government of the UAE and the government of Abu Dhabi have done much to cut expenditure since 2015. However, with the medium-term outlook suggesting that the fiscal breakeven price will remain above the projected oil price and the emirate set on diversifying its economy in line with the Abu Dhabi Economic Vision 2030, the need...

Sri Lanka’s robust economic growth in recent years has boosted job creation, but the country still faces the challenges of high youth unemployment on one hand and skills shortages on the other.