• Environment

    OBG reports on the growing awareness of environmental concerns, how they affect industrial development and the steps being taken to address attendant problems. Many countries are establishing environmental agencies to seek out ways to cut pollution and waste, as well as to introduce conservation and recycling measures.
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As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.

Despite considerable geopolitical volatility, Thailand’s economy remains well diversified, stable and poised for expansion in 2017.

After facing headwinds such as depressed international energy prices, and rising debt and fiscal imbalances, Trinidad and Tobago’s economic recession appears to be turning a corner, with GDP growth projected to climb to 0.3% in 2017 and 3.4% in 2018. As one of the largest and most diversified economies in the English-speaking Caribbean, the country is beginning to benefit from the new administration’s process of fiscal adjustment and economic diversification, spurred on by an ambitious public works pipeline.

Over the last two decades Peru has been one of the fastest-growing economies in the region. Remarkably resilient to global headwinds, positive GDP growth has continued despite the end of the commodities boom. Yet the growth rate has slowed and the initial impetus of a first wave of structural reforms has faded. The question now is whether the current administration can address problems, implement further reforms and re-accelerate the economy.

 

Climate change, dwindling natural resources, pressure on ecosystems from urban expansion, pollution and waste management are all global challenges that are having an impact in Abu Dhabi, whose delicate environment is characterised by extremes of temperature and landscape. Over the last few decades, extraordinary economic and population growth...

 

With a coastline stretching 700 km, Abu Dhabi’s relationship with the sea has long been a key aspect of its culture and economy, and fishing remains a significant trade for Emiratis. In recent times the marine environment has faced multiple threats to its sustainability. A rapidly growing population and economic growth are driving coastal...