Analysis

Decentralised financing role in GCC economic diversification
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GCC countries are increasingly embracing decentralised finance (DeFi) and attracting cryptocurrency companies as they seek to harness new financial technology (fintech) innovations, expand services, and enhance financial inclusion. DeFi, characterised by peer-to-peer financial services without central authorities, is viewed as a means for economic diversification and adoption of Web3 technologies like…

Analysis

UK-GCC bilateral trade talks to boost renewable energy, food security
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As part of plans to expand and diversify its global trade partners and fulfil their respective national development strategies, the GCC has launched negotiations with the UK on a free trade agreement (FTA). This partnership is expected to bolster the bloc’s economy, help attract investment and provide greater opportunities for local businesses. On June 22, 2022 the two parties signed a joint statement…

Analysis

Emerging markets shifting towards sustainability initiatives
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Impact investment – which is purposely designed to generate tangible social and environmental benefits alongside financial returns – presents promising risk-adjusted prospects. This type of investment not only provides value for investors, but can also greatly advance the UN Sustainable Development Goals. A Maturing Sector Impact investing continues to expand in both depth and sophistication,…

Analysis

MENA poised to lead global steel decarbonisation
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As global industry seeks to reduce or eliminate its carbon footprint, a number of MENA countries are investing in green steel production to capture market share and help meet emissions targets. Industry generates 20% of global greenhouse gas emissions annually, with the steel manufacturing segment accounting for the largest share, at 7%, due in part to a reliance on coal to heat smelting furnaces.…

Analysis

Artificial intelligence in Qatar supports economic growth, sustainability
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As part of ongoing efforts to diversify their economies and build a platform for sustainable future growth, MENA countries are increasingly turning to artificial intelligence (AI). A slew of recent investment and initiatives – primarily in academia and the government, but also in the private sector – has reinvigorated interest from industry leaders around the globe in the potential for AI to strengthen…

Analysis

Global markets issue green, social bonds for sustainable growth
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Alongside significant political efforts to speed up the energy transition, green finance has been a key tool in financing growth, as governments, international institutions and lenders alike seek to support the shift towards renewables. The issuance of green bonds – financial instruments that fund environmentally sustainable projects – hit a new record of $596.3bn in 2021, according to the Climate…

Analysis

Qatar's national development plan targets economic sustainability
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Qatar’s Third National Development Strategy ( NDS-3), spanning the 2024-30 period, builds on previous medium-term strategies to accelerate progress towards Qatar National Vision 2030 (QNV). Shaped by this long-term vision, the NDS-3 provides a framework for achieving sustainable economic growth. In comparison to the NDS-1, for the 2011–16 period, and the NDS-2, for the 2018–22 period, the NDS-3…

Overview

How Qatar is pursuing economic diversification
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The political leadership of Qatar has been working over recent decades to position the country as a powerful economy and influential sovereign entity, well prepared to address future challenges. With a relatively small population and substantial revenue generated from having the third-largest proven natural gas reserves globally, Qatar has one of the world’s highest GDP per capita, at nearly $84,900…

Overview

Social, economic, environmental changes and diversification in Qatar
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Propelled by a major infrastructure development drive in preparation for the 2022 FIFA World Cup, and a broad-based loosening of investment and business regulations, Qatar’s economy has undergone significant expansion in recent years. The country’s immense natural gas reserves are being further tapped and production capacity expanded, while related revenue is being pumped into the diversification…

Overview

Streamlined processes, diversification encourage FDI in Qatar
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Qatar’s bid to enhance its reputation as an international investment destination gathered significant momentum during the country’s preparations for the 2022 FIFA World Cup. The changes made to investment-related legislation in recent years are expected to lead to Qatar continuing its upward trajectory in terms of its ability to attract international investment now that the tournament is in the…