New horizons for economic transformation in the GCC countries
The countries of the Gulf Cooperation Council (GCC) have historically relied on hydrocarbons for economic growth. As this column explains ahead of a high-level ERF policy seminar in Dubai, emerging technologies like artificial intelligence, blockchain and robotics – what some call the fourth industrial revolution – present a unique opportunity for the region to reduce its dependence on oil and make the transition to a knowledge-based economy.
Tourism in MENA after Covid-19: from shock to structural transformation
Covid-19 is likely to result in profound changes to the attitudes, concerns and travel preferences of tourists. This column argues that for countries in the Middle East and North Africa that are heavily dependent on the tourism sector, addressing the concerns of consumers and trying to offer customised services will be key to recovery.
The impact of Covid-19 on the tourism sector in MENA
Following the big fall in international tourist arrivals in the Middle East and North Africa early in the pandemic, some countries restarted activities during the summer with an emphasis on health and hygiene measures. But as this column explains, a second wave of Covid-19 could paralyse the sector and lead to bankruptcy for many businesses.