Showing results for "Shoura Council"

Why OPEC+ should stick to its strategy, despite COP26

  • While the arch-environmentalists call for the abolition of all fossil fuels at the 2021 UN Climate Change Conference, or COP26, in Glasgow, over in Vienna the sharp end of the oil industry is getting down to business. The regular monthly meeting of the OPEC+ partnership — the alliance of prod...
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Gulf banks are weathering the pandemic storm — for now

  • A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business and one of the biggest banks in the region, declared figures for the first half of 2020. It was not just that profits were 45 percent down on the comparable half at AED4...
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Buckle up for another rollercoaster week in financial markets

  • It looks certain to be another rollercoaster week on the world’s stock markets. After the big crash of early last week, there came the welcome sight of three exuberant days’ trading after the US Congress passed its $2 trillion aid package, bringing the sharpest rise on Wall Street for a decade....
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Aramco’s historic IPO — the view from the ADIPEC stand

  • The Saudi Aramco stand at ADIPEC was probably the single most visited exhibit at the gigantic energy show Abu Dhabi puts on every year. But while most visitors gazed intently at the scale models of oilfields and listened politely to the talks on advanced drilling techniques, the elephant on t...
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Big issues from the World Economic Forum’s intellectual heart 

  • I am writing this from deep within the beating intellectual heart of the World Economic Forum — the hub of the Global Future Councils (GFC) in Dubai. The GFC — labeled the “biggest brainstorm in the world” — takes place each autumn in the UAE as an agenda-setting exercise for the WEF’s big...
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UAE’S economic reboot faces an immovable deadline in 2020

  • Suddenly, the Arabian Gulf is awash with stimulus packages and strategies to attract foreign investment and foreign expertise to the region, and to make the lives of the expatriates living there more comfortable. Saudi Arabia has had in place a rolling program of government-sponsored investme...
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KSA’s new stakeholders will need an integrated approach

  • The subject of accounting practices bores some people, but not me. I find it absolutely fascinating....
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A few tips for WEF when it draws the transformation map for Saudi Arabia

  • Those exceptionally bright people at the World Economic Forum (WEF) have come up with a cracking idea to coincide with the annual meeting of their Global Future Councils in Dubai....
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WEF rushes to a carbon-free world, but where are the carbon producers?

  • NEW YORK: There was not a big presence from the Arabian Gulf’s oil-producing countries on day one of the World Economic Forum’s inaugural Sustainable Development Impact Summit in New York....
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Qatar standoff an opportunity to rethink GCC’s basic economic model

  • The ongoing standoff between the members of the Anti-Terror Quartet (ATQ) and Qatar over Doha’s alleged financing of terror groups has already called into question the future of the Gulf Cooperation Council (GCC) as it is currently constituted — but that debate looks set to intensify as the eco...
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