Research Briefing | Sep 9, 2021

MENA | UAE’s 50 initiatives; Abu Dhabi fees; solid regional PMIs

UAEs-50-initiatives-Abu-Dhabi-fees-solid-regional-PMIs

New rules on residency visas are just part of the 50 economic initiatives
announced by the UAE to celebrate its golden jubilee. The measures include
new visa categories to attract and retain skilled workers in the country’s latest bid to diversify its economy away from dependence on oil.

What you will learn:

  • Abu Dhabi has also introduced reforms on fees to improve the ease of doing business, attract investment and innovation and boost economic growth.
  • Regional PMIs showed continued expansion in the non-oil sector in August.
  • The UAE posted a reading of 53.8, with strong growth in business activity and employment. Saudi Arabia showed a loss in momentum with a reading of 54.1, down from 55.8 in July, but still comfortably above the 50 no-change mark, while Qatar’s PMI rose to 58.2, the second highest on record.
  • The UAE has launched fifty economic initiatives this week in the run-up to its golden jubilee in December and ahead of the global summit next year.

Back to Resource Hub

Related Services

Seoul, South Korea

Post

BoK’s monetary policy to tighten even as hiking cycle ends

Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.

Find Out More

Post

China: Emerging green shoots in Spring, but not out of the woods

We now incorporate a faster recovery from the post-Covid exit wave and raise our 2023 full-year GDP growth forecast to 4.5% (from 4.2% previously).

Find Out More