Economy

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...

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...

In 2015, for the first time, the rate of extreme poverty was projected to fall below 10%. Our research and experience tells us that three things have been critical to reducing poverty and boosting prosperity: inclusive economic growth, investments in people’s health and education, and insuring against risks that can plunge the vulnerable into...