The growing gap between healthcare services supply and demand in GCC states could be addressed by more private sector participation, Deloitte says in a new report published today. “Unequal access to health care facilities and a continued shortage of health…
Tag: GCC
Will the GCC and the US be masters of the new world energy order?
A new world energy order may be emerging where the masters will be the GCC, the world’s biggest energy exporters, and the US, the world’s largest energy consumer. In an interview with Middle East Economic Survey (MEES) in December, Saudi…
GCC prepares for leadership change and the new world energy order
Whether history is the product of turning points or incremental change, 1 January 2015 feels like it’s a new start for the Middle East and the GCC in particular. On the horizon are generational leadership transition in the GCC and a…
Year of disasters, disappointment and drama for the Middle East
For the people of the Middle East, it’s been a year dominated by disasters, disappointment and drama. The disasters were numerous and included the fall of Mosul, Iraq’s second largest city, to the Islamic State (IS) in June, continuing humanitarian…
IMF report calls for limits on GCC public sector jobs and wages
An IMF staff discussion note published on 23 December praises the economic progress of the GCC but calls for action to reduce the number and attractiveness of government jobs. “Firm limits need to be placed on public sector jobs and…
EY says GCC depends upon jobs for locals, diversification, global positioning and stability
Jobs for locals, diversification, global positioning and stability are key areas for governments and businesses in the region to consider for the future of GCC growth, international management consultancy EY says in a report circulated today. “In a global economy,…
UAE led GCC real estate market in Q1 2014: Gulf Investment House
UAE’s real estate market continued to lead the GCC real estate market in the first quarter of 2014 with residential sales prices rising by 30 per cent in Dubai in the year ending March, according to a report published yesterday…
GCC stock market capitalisation rises above $1trn: NBK
GCC equity markets rose by more than 20 per cent in the first four months of 2014 to $1.14tn, according to a report issued today by the National Bank of Kuwait (NBK). “By the end of April, the region had…
Gulf Investment House forecasts higher growth and lower surpluses in GCC in 2014
GCC growth will quicken but the region’s surpluses will decline in 2014, according to the GCC Economic Overview for 2014 published by the Gulf Investment House. Aggregate GCC GDP is forecast to grow by 4.1 per cent in 2014 compared to…
AWCS told that GCC needs a new approach to delivering megaprojects
The annual MEED Arabian World Construction Summit (AWCS) was told today that the GCC needs to develop a new approach to delivering megaprojects and establish institutions that can capture information about them. “Building roads is demanding but not complex,” said co-founder…