How do you see the integration of renewable energy sources, particularly wind and solar, impacting the stability and reliability of the electricity grid in the coming years? SANTIAGO BAÑALES: In Qatar ...

The empowerment of micro-, small and medium-sized enterprises (MSMEs) in Saudi Arabia is key to driving economic diversification and resilience. The Kingdom has laid out strategic foundations to ...

Despite the ongoing macroeconomic and geopolitical headwinds experienced by the global economy, one area of the international financial system that has shown steady progression is digital payments.

While oil and gas may be the first industry that many people associate with the Gulf, the non-oil sector is by far the most dominant component of Bahrain’s economy. In 2023 the non-oil sector was ...

Buoyed by a vibrant private sector and increasing interest from foreign investors, Bahrain’s economy is on an upward trajectory. Relatively low inflation has added to the kingdom’s appeal as a place ...

Bahrain’s construction and real estate sectors have become a major focus in the kingdom’s drive to diversify its economy. The industries are bouncing back strongly from a number of challenges in ...

Industry, including large aluminium plants and numerous smaller enterprises, represented 14% of the economy in 2023 with aims to increase its contribution to 14.5% by 2026. The kingdom has long ...

Following the COP28 UN Conference on Climate Change, hosted by the UAE in late 2023, GCC member countries have seen intensified regional efforts to expedite the energy transition, implement ...

Bahrain’s tax landscape has evolved in recent years, with the introduction of excise tax in 2017 and value-added tax in 2019. Since then, new regulations have been aimed at improving financial ...

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Global military expenditure reached a record $2.4trn in 2023, driven by rising tensions worldwide, with Saudi Arabia allocating $75.8bn – a 4.3% increase from 2022 – representing 7.1% of its GDP and ...