Given the stubbornly low oil prices of 2015, with no sign of a significant recovery in the short term, the run-up to the publication of the UAE’s current federal budget saw much speculation as to how the government might pare back state spending. For some, the reduction of subsidies earlier in 2015 set a new tone with regard to budgetary...
As the Middle East’s second-biggest oil producer, the UAE has seen much attention directed to it over the past year regarding the effect of subdued oil prices on the economy. The emirate of Abu Dhabi is a key player in the response to this challenge. As home to the nation’s capital it hosts many institutions that oversee the UAE’s social and...
The year 2015 was a busy one for Abu Dhabi Global Market (ADGM), the capital’s new financial free zone, established in accordance with Federal Decree No (15) of 2013, Cabinet Resolution No (4) of 2013, Abu Dhabi Law No (4) of 2013 and Federal Law No (8) of 2004, which is the same federal law that led to the establishment of the Dubai Financial...
Abu Dhabi’s evolution from desert oasis to modern metropolis has seen society undergo enormous changes over the past century, making the preservation of tradition and history an important and critical priority. Efforts to protect and promote Emirati culture and history have accelerated in recent years, as the National Archives moves to enact a...
Recent decades have seen the GCC become increasingly connected to the wider global economy through trade and investment links. Over the years capital flows between the Gulf and the rest of the world have deepened significantly, a process first driven by trade and investment with the historically important blocs of Europe and North America, and...
The UAE has risen in recent years to become one of the world’s largest providers of official development assistance (ODA), while simultaneously ramping up efforts to support women and families within its own borders. Emirates Red Crescent (ERC) in particular has been active in rolling out urgently needed disaster and conflict relief around the...
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