- ?The Abu Dhabi?economy is the fastest growing in the Middle East and North Africa, with a remarkable 9.3% growth last year.?Non-oil sectors contributed 50%?of GDP last year, with real estate, healthcare and real estate all contributing to significant growth.
- The emirate has been taking strategic steps to diversify its economy while maintaining a prudent fiscal policy and progressively responding to the market needs and trends.
- H.E. Abdullah bin Touq Al Marri, Minister of Economy, held a meeting with H.E. Vo Thi Anh Xuan, Vietnamese Vice President, to discuss the strengthening of economic partnership between the two countries by boosting trade and investment exchanges.
- The meeting explored the means to enhance cooperation in the fields of trade, investment, industry, energy, renewable energy, financial technology, banking services, agriculture, food security, hospitality, and tourism.
- Saudi investment firm Kingdom Holding Co. (KHC), which has been on an investment spree in the past few days, has increased its investment by 274.3 million riyals ($73.1 million) in US-based Hercules Capital Inc., a specialty investment company focused on venture lending.
- The company, owned by Saudi billionaire Prince Alwaleed Bin Talal, said in a regulatory filing on Riyadh's Tadawul stock exchange that the fresh investment takes its total stake in Hercules Capital to 6.6%.
- A new report produced by the global research and advisory firm Oxford Business Group (OBG) explores Oman’s progress towards achieving the long-term goals laid out in its Vision 2040 roadmap, which include diversifying the economy, creating sustainable cities and accelerating privatization and Omanisation.
- It also tracks the positive impact that legislative reforms introduced to enhance the Sultanate of Oman's business environment are having on investment inflows and private sector development.
