• 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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In September 2019 Hazzaa Al Mansoori, born in Al Wathba in Abu Dhabi, became the first Arab to visit the International Space Station (ISS) in an eight-day mission accompanied by two fellow crew members from Russia and the US. Al Mansoori’s successful journey captured the emirate’s imagination and helped raise the global profile of the UAE’s...

 

According to Abu Dhabi’s Khalifa Fund for Enterprise Development (KFED), small and medium-sized enterprises (SMEs) account for 94% of all companies in the UAE and provide jobs for 90% of the nation’s workforce. Statistics Centre - Abu Dhabi (SCAD) has established emirate-specific definitions for this important segment of the economy, by which...

 

Abu Dhabi has leveraged its hydrocarbons wealth to pursue a sovereign investment strategy that spans the globe, establishing itself as one of the largest overseas investors in the world. To strengthen the exchange of capital and ideas, the government has worked to create free zones to capture foreign direct investment (FDI), benefitting the...

 

What has been done to ensure continued investment in the long run, while minimising the impact of economic volatility cycles?

 

UAE-wide efforts to boost the country’s stock of foreign direct investment (FDI) have seen considerable success in recent times. According to the “World Investment Report 2019” by the UN Conference on Trade and Development, the country ranked first among Arab countries in its FDI capture in 2018 and accounted for roughly 22% of total FDI...

 

Through which initiatives is ADCCI encouraging the development of local entrepreneurs?

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