According to Abu Dhabi’s Khalifa Fund for Enterprise Development (KFED), small and medium-sized enterprises (SMEs) account for 94% of all companies in the UAE and provide jobs for 90% of the nation’s workforce. Statistics Centre - Abu Dhabi (SCAD) has established emirate-specific definitions for this important segment of the economy, by which...
UAE-wide efforts to boost the country’s stock of foreign direct investment (FDI) have seen considerable success in recent times. According to the “World Investment Report 2019” by the UN Conference on Trade and Development, the country ranked first among Arab countries in its FDI capture in 2018 and accounted for roughly 22% of total FDI...
Ghadan 21, or Tomorrow 21, is Abu Dhabi’s Dh50bn ($13.6bn) economic accelerator programme and one of the most ambitious development strategies deployed by the emirate. Launched in September 2018, the programme represents the government of Abu Dhabi’s response to a series of external shocks, including geopolitical tensions, a low global growth...
Lower oil prices and a rigorous process of fiscal reform have led to a challenging economic backdrop for Abu Dhabi’s residents and businesses in recent years. Although concerns that the Covid-19 pandemic of 2020 would lead to a global downturn in the year ahead loomed large at time of writing, a shift to a more expansionary fiscal stance has...
Across the Gulf public health authorities and private institutions are investing in smart technologies to improve patient care. Data collection, sharing and analysis; DNA-driven research on precision medicine; and distance consultation and diagnostics are already being implemented in some areas of the GCC. The region’s hydrocarbons wealth is...
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...
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