INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

GCC’s two biggest trade allies are Asians

Asian countries are the major trade partners of GCC countries.
  • Experts believe the US is pulling back from the Middle East and shifting its attention and resources to the "priority theatre" of the Indo-Pacific.
  • But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global economy.

Dubai, UAE — The Gulf countries rely heavily on assistance from Asia, particularly China, to modernize their economies and diversify away from oil. The cooperation is taking place in areas like the new energy, artificial intelligence, and industrial diversification. Experts believe the US is pulling back from the Middle East and shifting its attention and resources to the “priority theatre” of the Indo-Pacific. But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global economy. This TRENDS video looks at the major Asian partners of the Arabian Gulf countries.