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Economy

The UAE Leads the Way on Gulf-South America Ties

Gulf state economic diversification, led by the UAE, is driving a surge in relations with South America, reinforced by shared leadership outlooks, bilateral trade, and security considerations.

Mohammed bin Zayed al-Nahyan, president of the United Arab Emirates and ruler of Abu Dhabi, right, meets with former Brazilian President Jair Bolsonaro during an official reception at Qasr Al Watan in Abu Dhabi, UAE, Oct. 27, 2019. (Hamad Al Kaabi/Ministry of Presidential Affairs via AP)

Going Big: Assessing the Growth Ambitions of the Saudi Public Investment Fund

Saudi Arabia’s Public Investment Fund is likely to become the world’s largest sovereign wealth fund by the end of the decade, but raising the resources to fund its ambitious domestic investment program may increase economic and financial risks.

Dustin Johnson shakes hands with Yasir al-Rumayyan, governor of the Saudi Public Investment Fund and chairperson of Newcastle United, at the inaugural LIV Golf Invitational, Hemel Hempstead, England, June 9, 2022. (Reuters/Paul Childs)

Saudi Regional Headquarters Program Deadline Looms

Beneath Saudi officials’ tough talk on the Regional Headquarters Program lies a strong desire for constructive engagement with top global firms and attracting greater inflows of foreign investment.

A general view of Riyadh city, Saudi Arabia, February 20, 2022. (REUTERS/Mohammed Benmansour)

Great Expectations: The India-Middle East-Europe Economic Corridor

The institutionalization of the Gulf-India partnership through the India-Middle East-Europe Economic Corridor has solidified India’s shift away from Iran and toward the Gulf states.

Saudi Crown Prince Mohammed bin Salman, left, Indian Prime Minister Narendra Modi, center, and U.S. President Joseph R. Biden Jr., right, attend the Partnership for Global Infrastructure and Investment event at the G20 summit in New Delhi, India, Sept. 9. (AP Photo/Evelyn Hockstein, Pool)

Urgent Reforms Needed to Unlock Iraq’s Green Potential

Without an integrated energy transition strategy and political will to implement difficult reforms, Iraq will be unable to reach its climate ambitions.

A worker inspects a panel at a solar power plant in the Faiha oil field east of Basra, Iraq, June 27, 2022. (AP Photo/Nabil al-Jurani)

Follow the Money: The Evolving Roles of Gulf Sovereign Wealth Funds

On October 19, AGSIW hosted a discussion on sovereign wealth funds.

A participant at the Future Investment Initiative walks in the Ritz Carlton Hotel a day before the event, in Riyadh, Saudi Arabia, Oct. 28, 2019. (AP Photo/Amr Nabil)

Sovereign Wealth Funds in the Middle East & Asia

On October 19, AGSIW hosted a private workshop on sovereign wealth funds.

Sovereign Wealth Funds in the Middle East & Asia

Economic Empowerment of Women in Saudi Arabia – Assessing Progress and Identifying Constraints

On October 5, AGSIW hosted a discussion on Saudi women's economic engagement.

Women in Riyadh, Saudi Arabia arrive to watch the launch of a SpaceX Falcon 9 and Dragon capsule from Kennedy Space Center, Florida, in an event organized to celebrate the first Saudi woman going to space, May 21. (REUTERS/Ahmed Yosri)