Results for Category: Economy
This massive plan is in line with the kingdom’s aspiration of becoming the leading exporter of solar energy in the Middle East. “Vision 2030 is expected to play a key role in realizing this objective,” Zafar said. “Under the King Salman Renewable Energy Initiative, the Saudi government is reviewing the legal and regulatory framework for private sector investment in order to encourage public-private partnerships and promote local manufacturing of solar panels.”
Just last April, the International Monetary Fund (IMF) sent a clear message to Oman after adviser Stéphane Roudet and his team visited Muscat for 13 days visit. The team concluded that Oman is a long way from boasting an economy that can one day be self-sustainable without the luxury of oil and gas, and would need to make “substantial” reforms to do so
Unions called a general strike on 30 May 2018, with 33 associations representing a broad cross section of industries participating. The strike was followed by days of mass protests in cities across the country. Protesters blocked roads, and burned tires and garbage cans. Police fired tear gas to prevent protesters getting near to the cabinet office in Amman, and scuffles broke out between protesters and police in some areas.
Two days after the general strike, Prime Minister Ahmed Ouyahia said that he will not tolerate “the persistence of this anarchy” and promised to put an end to it. Despite his threats and ongoing state repression against protesters, Cnapeste announced on 16 February 2018 its intention to continue its actions.
According to Business Monitor International, a research firm, diversity is the key to such a development, with incentives to build mid-range hotels and improve the safety reputation of the Emirates, high standards of accommodation and attractive cultural heritage, adaptation to middle-class travellers from Asia and Africa and short-stay visitors. However, investment in the sector was $7.1 billion and it is expected to reach $20.3 billion in the next 19 years (11.2 per cent).