The Public Establishment for Industrial Estates and its investment arm, Shumookh Investment and Services, sign an agreement with Advanced Universal Tech LLC to establish Oman Nano City in Sur Industrial City.
The UAE announced several changes to its visa guidelines in a number of categories, including for workers, students, and tourists. The government will allow people escaping or subject to political violence in their home countries to apply for a 1-year visa with the potential for extension, despite not being a signatory of the U.N. refugee convention.
The government of Abu Dhabi announced a $13.6 billion stimulus package aimed at supporting economic development over three years. Crown Prince Mohammed bin Zayed al-Nahyan instructed officials to draw up detailed plans for allocating the funds over the next 90 days. Abu Dhabi's economy has stagnated in recent years as a result of lower oil prices, as well as austerity measures taken by the government to curb the rise in deficits. The new stimulus package includes 10 initiatives designed to streamline bureaucratic regulations and facilitate the ease of doing business in the UAE.
by Karen E. Young The experimental nature of Saudization begs many questions of which sectors are targeted and why, and how smaller businesses will be able to assume higher wage costs of hiring nationals.
by Karen E. Young Despite slowdowns in consumer demand and general economic activity, there is evidence of alternative economic behavior and microenterprise that is thriving in the Gulf.
by Karen E. Young In the GCC, there is an effort to recalibrate the relationship between foreign workers and Gulf national economies, in both the reliance on foreign labor and the downward pressure it has on service sector salaries.
by Omar Al-Ubaydli The presence of large migrant communities has made the Gulf Cooperation Council (GCC) countries a lightning rod for an immigration debate.