An unprecedented number of free trade agreements are being signed globally, but the GCC remains far behind. With the decline in oil revenues, the emphasis on closer economic ties could become more urgent
Once the region’s trendsetter, Bahrain has been falling behind its Gulf neighbours on numerous counts, as it struggles to recover from a domino effect of the economic downturn, political unrest and lower oil prices. But is the island kingdom really down and out?
The UAE has set laudable targets to reduce energy use and ensure new schemes are environmentally friendly, but it is battling negative public perceptions and the fact it has one of the largest carbon footprints in the world.
A government-backed scheme in Abu Dhabi aims to kick-start the emirate’s knowledge economy by filing international patents to protect reams of scientific inventions — from the seemingly trivial to the technologically critical
The beginning of oil exploration off its coast four years ago gave Ghana an economic light, but the subsequent fall in prices has seen its budget for major transport projects slashed by 30 percent. Unable to build the infrastructure needed to reach its potential, the African state is turning to foreign investors