The ambitious push into advanced technologies was highlighted during Trump’s recent visit to the UAE
economic diversification
Latest in economic diversification
digital economy
Qatar unveils $1bn investment incentives package to boost economic diversification
Qatar’s new incentive scheme offers financial support to both local and international investors in priority growth sectors
bilateral economic relations
India, Middle East can step in to reshape global trade amid Trump tariff war, expert says
The UAE’s position as a global financial hub can complement India’s growing capital markets, enabling more Indian firms to list in the UAE and vice versa
economic diversification
Middle East trading volumes surge as regional fintech and market access expands
For companies offering trading in multiple types of assets, 2024 brought more opportunities as new companies listed on regional stock exchanges
economic diversification
Non-oil sector to drive resilience of GCC economies in 2025, report finds
Despite a projected slowdown in global growth to 3.1% from 3.2%, the GCC is expected to outperform, driven by resilient non-oil sector growth and strategic investments
bilateral cooperation
2025: A year of transformative growth for the GCC
This year the region isn’t just growing, it’s redefining its place on the world stage
Capitalism
Is capitalism broken?
Rising inequality, monopolies and questioning over self-regulation raise doubts among experts
economic diversification
Saudi Vision 2030: PIF creates over 730,000 new jobs
PIF-backed projects like Riyadh Air and Qiddiya City are set to boost non-oil GDP and create over 525,000 jobs and drive non-oil economic growth
economic diversification
Riyadh among top 15 fastest-growing cities: Report
The report, part of Savills’ global thought leadership programme Impacts, highlights Riyadh as the only non-Asian city in the top 15 list
AB Majlis
AB Majlis podcast: Why SMEs are crucial to Saudi Vision 2030’s success – In conversation with Kearney ME finance experts
Zeeshan Khwaja and Naman Sharma of Kearney Middle East discuss the SME funding gap in the Gulf region and how banks can serve better them to enhance economic diversification
Abu Dhabi Securities Exchange
Gulf IPO boom: Who’s next to go public in Saudi Arabia and UAE?
The Gulf region’s IPO frenzy shows no signs of slowing, with Saudi and UAE firms lining up stock market listings across sectors, expected to attract more global capital as the markets deepen, analysts say
business transformation
Five business lessons I’ve learned as a Dubai-based CEO
I’ve been fortunate enough to learn first-hand what it means to do business in such a vibrant, dynamic, and forward-thinking environment
Consumer Behavior
Revealed: Middle East leisure and entertainment industry to hit $14bn by 2028 on surge in experience economy
The post-pandemic surge in tourist arrivals in the region is further fuelling the rising trend of consumer shift towards experiences over that of the age-old obsessions with products, driven by the much-publicised shopping festivals and global discount sales events such as Black Friday sales
digital economy
Revealed: UAE’s investment technology market to reach $325mn by 2025
This surge can be attributed to the country’s improved investment climate, driven by big-ticket company listings and economic diversification initiatives
Abu Dhabi economy
UAE doubles down on diversification drive, unveils new funding for Emirati entrepreneurs with Khalifa Fund
The new funding initiatives aim to drive growth across sectors seen as priorities for economic diversification, says Khalifa Fund CEO
Aviation
Saudi Arabia announces new aviation economic policy framework to attract $100bn investment
The new economic regulations aim to promote competition, create open markets for growth and innovation, and enhance transparency in commercial relationships and pricing, the authority said in a statement on Monday
economic diversification
Kuwait plans new fees for use of public facilities, services: Report
The goal behind these proposed fees is to reform the financial structure of the government and increase state revenues in Kuwait