Gulf Economic Barometer
The Gulf Economic Barometer monitors initiatives taken by Gulf states as they seek fiscal, monetary, and trade policy changes to meet the challenge of reduced state revenue from natural resources. The key trend is a major shift in the way Gulf Arab countries have been spending on public sector wages, infrastructure, and social services over the last decade. The GEB documents the policy changes as they are announced and/or implemented by country and by sector and is updated regularly as data becomes available. The information here is neither official nor exhaustive.
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Abu Dhabi prolongs its 10% tourism tax waiver on event organizers until the end of 2024.
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Egypt and the UAE sign a $35 billion investment agreement through an ADQ-led consortium to develop the Ras El Hekma peninsula.