The emirate’s latest five-year plan, the Abu Dhabi Plan, was revealed in June 2016. Of key interest to the business community was how the new strategy would differ from the Strategic Plan 2011-15. Variations from one five-year plan to another are bound to be relatively minor, as each strategic phase works towards the objectives already...
While the first year of operations for Abu Dhabi Global Market (ADGM) has brought much attention for its licensed financial institutions, and the regulatory and judicial infrastructure within which they operate, 2017 is likely to see more emphasis on the zone’s strategy to develop as a broad-based financial centre.
The situation of young people in the Arab world has long been a concern for policymakers. With some of the highest unemployment rates globally, much of the MENA region suffers from strife and sectarian tensions, warding off private investment and job creation that would help satisfy the aspirations of its young people. According to the World...
The February 2016 announcement by Obaid Humaid Al Tayer, the UAE minister of state for financial affairs, that the UAE will introduce a value-added tax (VAT) is one of the most significant economic developments in the country in recent years. While the UAE has been a strong proponent of VAT for some time, the prospect of reducing the...
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...
Securing a sustainable aviation sector is one of the principal aims of the Abu Dhabi Plan and the Abu Dhabi Economic Vision 2030 long-term development strategy. This inclusion in such a holistic, integrated plan demonstrates the leadership’s understanding that aviation can hold the key to growth in a series of other interconnected industries...
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