DUBAI: According to EY’s most recent Rapid-Growth Markets (RGMs) Forecast, the GCC can expect to see robust economic growth over the medium term and successful diversification of its local economies. Qatar’s economy is expected to grow by six percent, the UAE by 3.9 percent and Saudi Arabia by 4.3 percent in the medium-term. Bassam Hage, […]
Saudi Arabia’s inclusion in the G20 reflects its growing stature as a leading global hydrocarbons producer as well as a heavyweight in the strategically important Middle East-North Africa economy. The dual underpinnings of the Kingdom’s stature are likely to remain in place for a long time. At the same time, rapid population growth and massive […]
JEDDAH – Strong economic and demographic growth associated with rapid urbanization has led to an increase in energy demand to meet rising electricity and desalinated water needs in the Middle East and North Africa (MENA) region, the International Renewable Energy Agency (IRENA) and Renewable Energy Policy Network for the 21st Century (REN21) said in their […]