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This is below the medium-term target of average annual real GDP growth of 6%, with economic performance largely affected by poor agricultural harvests. There was a modest recovery…
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DOI: 10.1108/OXAN-DB287009
ISSN: 2633-304X
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GULF STATES: Growth will strengthen in 2024
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DOI: 10.1108/OXAN-ES287348
ISSN: 2633-304X
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A major milestone was showcased in February, as KAAN, the country’s first domestically produced fifth-generation combat aircraft, made its maiden flight. The aircraft is equipped…
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DOI: 10.1108/OXAN-DB286447
ISSN: 2633-304X
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Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…
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DOI: 10.1108/OXAN-DB286532
ISSN: 2633-304X
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In March, Sonelgaz awarded 19 contracts for the installation of almost 3 gigawatts of solar power generation capacity. Increasing the renewables mix in Algeria's energy balance…
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DOI: 10.1108/OXAN-DB286498
ISSN: 2633-304X
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Existing conditions facilitate this: the country's open economy is highly dependent on foreign trade, it enjoys access to Mediterranean and Atlantic routes and ongoing…
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DOI: 10.1108/OXAN-DB286595
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB286570
ISSN: 2633-304X
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SAUDI ARABIA: Riyadh seeks to expand revenue streams
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DOI: 10.1108/OXAN-ES286601
ISSN: 2633-304X
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It has experienced a surge in investment in renewable energy, with projects worth USD4.4bn under development and prospective investments of a further USD6bn. Renewable energy is…
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DOI: 10.1108/OXAN-DB285646
ISSN: 2633-304X
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UNITED ARAB EMIRATES: Dubai seeks edge in reforms