INTERNATIONAL. Something extraordinary, albeit not unexpected, is happening in the Persian Gulf region. The United States, lacking a coherent strategy to deal with Iran and too distracted to develop one, is struggling to navigate Iraq’s fractious political landscape in search of a deal that would allow Washington to keep a meaningful military presence in the country beyond the end-of-2011 deadline stipulated by the current Status of Forces Agreement.
At the same time, Saudi Arabia, dubious of U.S. capabilities and intentions toward Iran, appears to be inching reluctantly toward an accommod
SAUDI ARABIA. Private sector is having more impact at the primary level - with stronger growth levels seen against a decline in public sector enrolment. Pressure on provision creates an opportunity for greater collaboration between the public and private sectors.
UAE. The UAE in particular continued the trend of performing markedly better than other countries in the Middle East, with the survey indicating an increase in confidence, government spending and employment.
INTERNATIONAL. As consumption triples to US$4 trillion over next decade, wealthy householders will represent biggest share of spending; Urbanization and more nuclear and digital households will also shape new spending patterns.
INTERNATIONAL. President Trump's unexpected attack on Syria's Shayrat airbase imposed a new responsibility on the US to follow through with a well-thought out strategy that stands a good chance of ending Syria's horrific civil war.
UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
UAE. Number of active hospitality projects reached 1,153 as 62 projects with a combined value of US$2.5 billion were added to the list in the first quarter of 2017, according to BNC Network; GCC hospitality sector constitutes 7% of all active projects in the GCC.