Economics & Technology | Bussola Institute

GULF STATES FOCUS ON THE POTENTIAL OF HYDROGEN POWER

As the world’s leading nations continue to grapple with the challenges posed by climate change there are signs that the Gulf states are becoming increasingly focused on the development of green hydrogen, not just as an alternative to oil and gas, but as a fuel that could generate considerable energy revenues for the region.

May 26, 2021

Economics

EU AMBASSADOR HIGHLIGHTS ECONOMIC OPPORTUNITIES FOR GULF STATES

The European Union marked Europe Day on 9 May, 71 years from the day that the Schumann Declaration was agreed between Germany and France, laying the foundation for the creation of today’s EU. The EU’s Ambassador to Saudi Arabia, Bahrain and Oman, HE Patrick Simonnet, used the opportunity not only to remind the Gulf states of how Europe has recovered from the carnage of the first half of the 20th century but also to draw parallels between the EU’s New Green Deal and the various Vision statements set out by all the GCC’s member states.

May 10, 2021

Economics

OPEC+ DEVELOPMENTS: PRODUCTION CONSTRAINTS EASING AS ENERGY DEMAND RECOVERS

The energy ministers of OPEC and Russia, so-called OPEC+, met on 27 April to review continuing constraints on oil output against a backdrop of more optimistic forecasts for demand rising for the rest of this year and a steady improvement in the global outlook for the next stages of the coronavirus pandemic.

May 4, 2021

Economics , Technology

CLIMATE CHANGE: AGRICULTURE INNOVATION MISSION (AIM)

Last week, the US Special Envoy for Climate John Kerry was again flying around the world in support of President Biden’s determination to restore America’s leading credentials in the fight to combat climate change. Last week, he visited the UAE as part of a wider trip that included stops in the UK and Bangladesh.

May 3, 2021

Economics

THE GULF ALONG CHINA’S BELT AND ROAD

China’s global ambitions continue to be amply demonstrated through Beijing’s determined pursuit of its ‘Belt and Road Initiative’ (BRI) which, since 2013, has seen the emergence of world-girdling infrastructure links with more than 150 partner countries, including the Gulf states and with the EU.

April 28, 2021

Economics

SAUDI RED SEA PROJECT GETS GREEN FUNDING

Over the past three years, international capital markets have agreed to a framework for ‘green financing’ that seeks to encourage new projects that recognise the need to limit carbon emissions and reverse the impact of climate change.

April 26, 2021

Economics

OMAN INTRODUCES VAT

On 16th April, Oman became the fourth member of the GCC to introduce Value Added Tax (VAT), initially to be levied at a rate of 5 per cent.

April 23, 2021

Economics

GULF BUSINESS – NOT SOLELY FIXED ON ASIA

A recent Bloomberg report noted remarks by Mubadala Investment Company CEO, Khaldoon al-Mubarak during a virtual conference with counterparts in the US. Describing the US as “an unbelievable market” he emphasised the many opportunities in the US and EU which might attract Mubadala investment.

April 14, 2021

Economics

OPEC+ SURPRISES MARKETS: MAINTAINING TIGHT OUTPUT RESTRCITIONS FOR AT LEAST ANOTHER MONTH

The results of recent analysis by Bloomberg analysis, show that over the past month, OPEC+ output has fallen by an average of 920,000 barrels per day; the steepest rate of reduction over the past eight months.

March 12, 2021

COVID-19, OIL PRICE CONTRACTION AND ENERGY TRANSITION: IMPLICATIONS FOR THE GCC STATES AND EUROPE

AN AGENDA FOR EUROPE-GULF DEFENCE COOPERATION

DEVELOPING A STRATEGY FOR AFRICA: EU AND GCC CONVERGENCES

A DETAILED ANATOMY OF EU-GCC TRADE RELATIONS: PAST, PRESENT, AND FUTURE

DIVERSIFYING RELATIONSHIPS: RUSSIAN POLICY IN THE MIDDLE EAST AND ITS IMPACT ON THE GCC

EU AND GCC AVIATION AND TOURISM: FROM A HISTORIC CRISIS TOWARDS A SUSTAINABLE RECOVERY

GULF STATES FOCUS ON THE POTENTIAL OF HYDROGEN POWER

EU AMBASSADOR HIGHLIGHTS ECONOMIC OPPORTUNITIES FOR GULF STATES

OPEC+ DEVELOPMENTS: PRODUCTION CONSTRAINTS EASING AS ENERGY DEMAND RECOVERS