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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Female empowerment key to Gulf economic growth

GCC women remain optimistic about their empowerment.
  • Women's hiring in GCC countries has increased substantially during the past decade.
  • Saudization and Emiratization of jobs is likely to see a surge in the number of women joining the workforce.

Gulf Cooperation Council states have achieved phenomenal economic growth during the past decades and they have firmly set eyes on the future by embracing digital technologies in nearly all spheres of life.

In their endeavor to achieve various short-term and long-term goals by 2030 or 2050, the GCC countries have prioritized diversifying their economies to cut dependence on oil, which continues to be the major driver of the regional economic engines.

Realizing that these transformational ambitions cannot be achieved without empowering the local populations, these countries have initiated programs, such as Emiratization and Saudization, to include an ever increasing number of their nationals into the workforce.

This indigenization of the workforce and economies would have limitations if the women are excluded. Therefore, gradually, women empowerment is becoming an important element in the economic policies of Gulf countries. Already, women are occupying top positions in big companies.

TRENDS highlights some important aspects of women empowerment in the GCC region.