• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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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...

 

The UAE has been moving steadily towards achieving its development goals through flexible strategies that set the country apart, allowing it to overcome the challenges and turn the changes witnessed by the region and the world today into meaningful opportunities. It does this through the resolve and determination of its leadership, and the...

 

One of the prevailing sentiments in all my conversations with leaders since I became prime minister has been this sense that in challenging times, you turn to your oldest and most dependable friends. As the UK leaves the EU, I am determined that we should seize the opportunity to get out into the world and to shape an even bigger global role...

 

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...

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