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- How Gulf countries golden schemes are paving the way to a sustainable . . .
With Gulf nations looking to diversify their economies, their non-fossil fuel industries grew by 3 7% in 2024 GCC countries are backing this transition through schemes to attract business and investment, including golden licences and visa residency permits Greater global competitiveness rests on investment incentives and enhanced infrastructure
- As China-Gulf relations deepen, here are 3 key sectors for growth
Building on the momentum and potential for further cooperation, the World Economic Forum first convened a group of business leaders from Greater China and countries from the Gulf Cooperation Council (GCC) at its 2023 Annual Meeting of the New Champions to explore ways to enhance understanding of each others’ markets and build partnerships
- 3 ways Gulf economies are tackling the global talent shortage
Gulf Cooperation Council (GCC) countries are driving talent growth by creating incubators, accelerators and fintech hubs Countries such as Bahrain and Saudi Arabia are prioritizing workforce development through training programmes and partnerships with global firms
- Africa and the Gulf states: A new economic partnership
Over the last decade GCC countries have collectively invested over $100 billion in Africa The UAE has invested $59 4 billion Saudi Arabia and Qatar have invested $25 6 billion and $7 2 billion respectively Notably, during this period, the UAE has been the fourth largest foreign direct investor in Africa, behind China, the EU and the United
- Why the Gulf region can play a key role in global economy
The Gulf countries are also well positioned for a pivotal role in the global energy transition They are showing leadership in areas such as the circular carbon economy, while boosting efficiency across the oil and gas value chains But at the same time, they are embracing the transition through national clean energy and net-zero targets
- Gulf floods remind us that climate mitigation cannot wait
Severe rainstorms and floods swamped the Gulf countries, including UAE, Bahrain, Qatar, Saudi Arabia and Oman in April In Dubai, most of the rain fell on Monday, the 15th of April, and exceeded all previous records of daily rainfall in the last 75 years, when records began At least 20 people died in Oman and four died in the UAE
- Why Gulf countries need to invest in renewable energy?
The oil rich Gulf must invest in renewable energy to meet their electricity demands in the future By diversifying the energy mix, the Gulf countries will have multiple benefits like freeing up hydrocarbon resources for export, fostering economic diversification, accelerating strategically vital job creation, and reducing carbon dioxide (CO2) emissions
- How industrialisation could future-proof MENA’s Gulf economies
The company owns four ports that run 200 weekly maritime services to 40 countries, serving as a commercial gateway from Asia to the Middle East and Africa Through Asyad’s leadership, Al-Hatmi hopes Oman will be one of the world’s top 10 logistics hubs by 2040
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