On advancing Saudi Arabia’s media ecosystem under Vision 2030 In the midst of the Kingdom of Saudi Arabia’s profound transformation. The media sector advances with unwavering confidence poised to take its rightful place as one of the key drivers of change and foundational pillars of the future. What was once viewed merely as a channel for broadcasting news has evolved into a fully-fledged…
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Interview: Sheikh Meshaal Jaber Al Sabah, Director General, Kuwait Direct Investment Promotion Authority, on strengthening resilience by building a broader base of non-oil revenue sources How are trade and investment playing a role in accelerating Kuwait’s economic diversification? SHEIKH MESHAAL JABER AL SABAH: Trade and investment are central to Kuwait’s economic transition. Efforts to modernise…
Interview: Abdullah AlTerkait, Chairman, Al Safat Investment Company, on strengthening market liquidity and investor confidence Where do you see the most promising investment opportunities emerging across non-oil sectors? ABDULLAH ALTERKAIT: Regulatory innovation, such as Kuwait’s financial technology (fintech) sandbox, has accelerated digital finance solutions and enabled fintechs to scale and…
Impact investment – 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 2030 Sustainable Development Goals. According to the Global Impact Investing Network (GIIN), the impact investing market has experienced substantial…
Since gaining independence at various points during the 20th century, the GCC countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have maintained a fiscal model built on oil revenue and a low- to no-tax environment. Historically, hydrocarbons revenue allowed GCC governments to fund public spending without excessive taxation, relying instead on oil and gas wealth to fund public…
Kuwait’s ambition to diversify its oil-based economy away from hydrocarbons has been in place for more than two decades. Although the ambition predates the launch of New Kuwait 2035 in 2017, the long term development blueprint represents the most comprehensive and far-reaching attempt yet to move beyond oil and fast-track growth in the other areas of the economy. Although efforts are beginning to…
GCC countries have been actively pursuing workforce nationalisation policies to reduce their reliance on expatriate workers and create sustainable employment opportunities for their growing local populations. Proactive Measures In Qatar, the workforce nationalisation rate stood at 19% in 2022, with a goal to increase this to 20%, as per the Qatarisation Policy of 2013. The country is currently accelerating…
