With the announcement of a new corporate tax, Emirati officials aim to demonstrate fiscal strength without disrupting the country’s image as an investment hub.
There is renewed buoyancy for the Omani economy as rallied oil prices are expected to ease the execution of plans, big and small. Yet, public trust in government plans still falls short.
Even though an increase in the VAT seems the most viable option, higher levels of public buy-in could be secured through greater transparency in fiscal policy.
The UAE’s push to reinvigorate its economy, in this manner and at this time, is linked to Expo 2020 Dubai, regional competition, and a broader realignment of Emirati foreign policy to better serve economic interests.
The Saudi mining industry starts 2020 with a slimmer regulatory agency, new management, and prospects that appear more favorable than many other Vision 2030 programs.
While pursuing long-term economic reform and diversification, Saudi Arabia needs to show that the kingdom is an attractive, business-friendly place; yet recent moves have worried investors over the business environment, and raised some concerns over the impact on oil policy.
Saudi Arabia’s decision to delay a $200 billion solar power project with Japan’s SoftBank casts doubt on the future of the kingdom’s solar energy initiative.
The Saudi government is moving forward steadfastly with its social modernization project, but the new policies are clashing with established norms, creating inconsistencies and uncertainties in social spaces.
The past 50 years have seen unprecedented modernization and growth among the oil-rich Gulf Cooperation Council countries, which today rank among the world leaders in per capita income.
Having failed to shape the society to its liking, can the Islamic Republic adapt to a society that is increasingly demanding separation between religion and state?Learn More
Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.Learn More