The rollout of coronavirus vaccines should allow a return to relative normality in the Middle East in the second half of 2021, while much of the region?s economies will benefit from higher commodity prices and stronger external demand, according to a report Economic Update: Middle East Q1 2021, compiled by Oxford Economics and commissioned by ICAEW
Business & Management
ALEC, BUTEC announce new JV to meet industrial demand
ALEC, the Dubai-based main-contractor and BUTEC, a design-build industrial contractor, have announced the launch of a new joint venture which will target the region?s utilities, industrial and environmental sector-based projects
Offshore International signs Mou with Mammoet UAE
Abu Dhabi Ports? offshore logistics service provider, Offshore Support and Logistics Services Company (OFCO ? Offshore International), has signed a MoU with Mammoet United Arab Emirates
Al Gihaz Holding invests in UK-based Enshore Subsea
Al Gihaz contracting, part of Al Gihaz Holding, has announced its acquisition of assets, intellectual property and the management systems of Enshore Subsea Ltd, leading UK based subsea trenching company, providing seabed intervention services to mega-projects across industry
The GCC: Challenges and changes in post-COVID-19 era
Economist Moin Siddiqi analyses how the GCC governments are ushering in reforms and developing new strategies as economic recovery gathers steam