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
economic diversification
Latest in economic diversification
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
economic diversification
Growth of the GCC: Who is moving to the Gulf and why?
The GCC is looking very attractive to expats amid global challenges
Abu Dhabi
Abu Dhabi Residents Office, JETRO join forces to support global top talent and investors
The two sides will also work together on ensuring that top talent, investors and their families can grow in the emirate with ease and integrate into the local community
agricultural
Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership
The collaboration is to support the kingdom’s ambitions toward achieving greater advancement in food production
economic diversification
Saudi Arabia jobs: Tourism talent in top demand, expert says
Interestingly, Saudi Arabia is also, of late, seen drawing top talents from the UAE and Qatar – the top two tourism markets in the region – in numbers to the country with tempting packages and job challenges