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Saudi Aramco will double down on digitisation efforts

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SAUDI ARABIA

The Infosys agreement is among a series of other deals Aramco has signed in the digital sphere so far in 2023, underlining its intention to accelerate its digital transformation…

United Arab Emirates will increase oil and gas output

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UNITED ARAB EMIRATES

ADNOC believes there will be a solid market for hydrocarbons for decades to come; it aims to preserve its role as a leading global hydrocarbons supplier while cutting carbon…

United Arab Emirates’ green transition will intensify

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UNITED ARAB EMIRATES

Earlier in July, the United Arab Emirates (UAE) government unveiled ambitious new targets for clean power and low-carbon hydrogen production. The main emirates are accelerating…

Emirati economic cohesion could gradually increase

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UNITED ARAB EMIRATES

On November 7-8, senior Emirati officials gathered in Abu Dhabi for an annual meeting focusing on diversifying the economy, chiefly away from reliance on Abu Dhabi's oil, an…

Belarus will seek closer integration with Russia

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BELARUS

With both countries facing isolation from the West, Russia and Belarus are seeking to move closer together. The contact mechanisms of the Union State of Russia and Belarus are…

Smaller trade surplus will keep ruble low this year

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RUSSIA

Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…

Prospects for MENA green energy transition to 2030

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PROSPECTS 2030

High oil and gas prices have incentivised Middle Eastern and North African (MENA) hydrocarbon importers to accelerate their renewables build-outs, while exporters have deployed…

Trade will tighten Gulf-South Korea relations

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GULF STATES/SOUTH KOREA

Previously, in December 2023, South Korea signed a landmark free trade agreement (FTA) with the six-nation Gulf Cooperation Council (GCC), only the bloc’s second with a major…

Asia ‘ex-China’ investment will struggle for traction

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ASIA

There is sizeable demand for financial assets and products in Asia that exclude China. However, investor expectations that the US Federal Reserve (Fed) will not cut interest rates…

India’s role in regional maritime security will grow

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INDIA

Separately, the IN’s presence in the Arabian Sea has increased markedly since December, in response to threats associated with the fallout from the Israel-Gaza war. Defence…