Economy

Boasting some of the fastest-growing free trade zones in the region, Ras Al Khaimah has witnessed impressive economic expansion and diversification across key industries in recent years. The emirate is on its way to becoming an important investment destination in the region.

Running 97 km along the central mountain range in Papua New Guinea, the Kokoda Trail played an important part in the history of the Second World War in PNG. Beginning at Owers’ Corner on the southern side of the Owen Stanley Range, it runs across the mountains to the Kokoda plateau in the Yodda Valley. From Kokoda, the track slips down towards...

The great majority of economic activity in Papua New Guinea takes place outside the formal economic system. Indeed, according to AusAID, the Australian government’s international aid entity, some 85% of PNG’s economy is informal, primarily consisting of semi-subsistence agricultural activities. A substantial percentage of the informal businesses in...

Currently in the midst of its longest period of expansion since the country achieved independence in 1975, Papua New Guinea’s economy has grown every year since 2003, buoyed by developments in the energy and mining sectors. In 2011 PNG reported GDP growth of 8.9% – one of the highest rates in the world – due largely to strong domestic demand as a...

Separated only by the Torres Strait – a distance of 150 km – Papua New Guinea and Australia have translated their geographic ties into political and economic cooperation. Indeed, Australia has long been PNG’s largest export market, while also being its biggest source of imports. Australian companies are also heavily represented in PNG and around...

Occupying the eastern half of the island of New Guinea and hundreds of adjacent smaller islands, Papua New Guinea is an important exporter of metals ( particularly gold and copper) and agricultural products such as coffee and palm oil. The country is also set to become a major exporter of gas, which expected to significantly increase the size...