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Prospects for South-east Asia to end-2023

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PROSPECTS H2 2023

Regional players will meanwhile work hard to sustain robust economic growth and affirm ASEAN ‘centrality’.

Eastern members risk falling behind rest of EU

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EU

Speaking on the occasion, European Commission President Ursula von der Leyen said that, over the past 20 years, the promise of stability and prosperity has been fulfilled…

Manama will struggle to vary its investor offering

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BAHRAIN

The Economic Development Board (EDB), the country’s investment promotion agency, announced in March that its ‘golden licence’ scheme of incentives for local and foreign investors…

Prospects for world trade and supply chains in 2024

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PROSPECTS 2024

This year is ending on a very weak note. The WTO and IMF both downgraded their forecasts for world trade in 2023 last month and their projections for stronger growth in 2024…

Drought could be a defining issue in Spanish elections

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SPAIN

April was the hottest and driest month since records began in 1961. Drought is harming agricultural production and pushing up food prices; it has become a key issue ahead of…

Prospects for African economies to end-2023

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PROSPECTS H2 2023

The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…

Bahrain’s tourism strategy will face stiff challenges

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BAHRAIN

Tourism development forms a key plank of Bahrain’s long-term economic growth strategy. However, almost all its Gulf peers are pursuing the same goal, armed with often-superior…

Foreign firms' influx will accelerate Saudi change

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SAUDI ARABIA

Without this, companies will not be awarded any government contract worth more than SAR1mn (around USD220,000). To date, the government has issued 162 regional headquarters…

Brunei will step up efforts to diversify economy

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BRUNEI

The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…

Abu Dhabi’s Africa outreach will accelerate

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UNITED ARAB EMIRATES

State-owned company Abu Dhabi Ports (ADP) is also prominent in the continent’s maritime sector, with agreements to operate ports in Angola and Congo-Brazzaville. The UAE’s…