riskandforecast

United Arab Emirates

Dubai Issues Second Tranche of Bond Programme

Dubai issued the second US $10 billion tranche of its sovereign bond programme. The vagueness of the announcements accompanying the bond issue raises questions about the health of the Dubai economy....
Bahrain  31/07/09

Kuwait to Abolish "Kafeel" Sponsorship System

Kuwait announced that it will abolish the "kafeel" system of sponsoring foreign workers. The system is widely practiced in all the GCC and it is described by critics as "modern slavery". ...
 

Dubai’s Economy Faces More Difficulties

Dubai’s economy faces more difficulties as the merger between lenders and Amlak and Tamweel and their support by the federal government is put into doubt. In addition unemployment is rising....
Bahrain  15/07/09

Agreement Will Help Alleviate Electricity Shortages in GCC Countries

The signing of the agreement for the GCC-wide connection between the electricity grids of the GCC member states will help alleviate electricity shortages in various GCC countries....
 
Bahrain  16/06/09

Agreement Signed on Monetary Union between GCC Countries

Four GCC states signed a pact on 7 June creating a monetary union. It comes as a confidence-building measure after the shock decision by the UAE to not be part of it....
Bahrain  15/04/09

Launching of the GCC Common Currency Project in Delay

The delay in the launching of the GCC common currency amid reports of differences between member states increases the likelihood of scrapping the project altogether....
 
 

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