UAE: Abu Dhabi

Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.

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More female employees are joining workplaces and boardrooms in the UAE and Saudi Arabia, with gender equality a key target of a regional drive to improve environmental, social and governance (ESG) standards.

How has the Covid-19 pandemic impacted the development of small and medium-sized enterprises (SMEs) in Abu Dhabi?

With the current semester winding up, many higher education institutions in the Gulf are already planning an expanded offering of courses for the next academic year – with a focus on supporting the needs of the region’s post-pandemic economy.

More than a year after the initial onset of the coronavirus pandemic, the Gulf banking sector is seeing an increase in mergers and acquisitions (M&A), as lenders continue to deal with the economic fallout.

The UAE’s robust current account balance cushioned the economy against the twin global challenges of Covid-19 and the oil price drop in 2020. Lockdowns were implemented to protect public health, and Emiratis migrated online.

How do you assess the UAE and Abu Dhabi’s progress in building a more sustainable energy mix?

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