Monday 20 November 2017
 
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Diversification

Robust framework needed for diversification: Aramco official

Economic diversification in the region must be based on a robust, integrated, and holistic framework that integrates all the initiatives together to create a solid foundation, a senior Saudi Aramco official has said.  

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Robust framework needed for diversification: Aramco official

Economic diversification in the region must be based on a robust, integrated, and holistic framework that integrates all the initiatives together to create a solid foundation, a senior Saudi Aramco official has said.  

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Why GCC will find it hard to diversify from hydrocarbons

The GCC economies' high concentration and dependence on the hydrocarbon sector, which averaged about 30 per cent of GDP and 60 per cent of total exports over 2015-2016 could become a credit negative factor when not offset by substantial fina

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Tourism 'key for economic growth and diversification' in Mena

Tourism can be a key driver of the growth and economic diversification for the Middle East and North Africa (Mena) region with the region received a total of 72.2 million international tourist arrivals in 2016. The Middle East rec

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Saudi diversification from oil ‘likely to take time’

Saudi Arabia’s initiatives to move from heavy dependence on the hydrocarbon sector will take time as long-term projects will face challenges such as the transfer of public sector jobs to the private sector, said an industry expert.

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National talent ‘helps diversification plans’

About 77 per cent of regional business executives believe incubating national talent contributes to economic diversification strategies in the Middle East, a London Business School (LBS) survey said. The survey of more than 200 bu

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Diversification in hospitality sector key to success, say experts

This year’s Arabian Hotel Investment Conference (Ahic) will focus on diversification in the hospitality sector in response to the challenges faced by the region, according to the conclusions of a regional briefing in Doha in the run-up to

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Tourism ‘to lead ME economic diversification’

More than half of respondents (57 per cent) believe that tourism will become the leading industry spearheading economic diversification in the Middle East, according to a survey of regional business executives by London Business School.

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Mideast growth seen beyond oil and gas sector

The Middle East is well placed to diversify its economy away from oil and gas, with growth potential in numerous sectors such as solar power, tourism, finance, according to a new report by UBS, the world's largest global wealth manager.

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Bahrain's diversification strategy 'key to its growth'

Bahrain’s commitment to diversifying its economy had been instrumental in helping the country weather the storm of falling oil prices, according to a report by global publishing, research and consultancy firm Oxford Business Group (OBG).

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