Mohammed Al Asoomi, Special to Gulf News

Articles from the author

Picking winners and losers in Ukraine crisis

Beyond tragic loss of lives, there were some steep losses elsewhere

The expectation is of the Russia-Ukraine crisis to wind down soon enough. Already, there have been some clear winners and losers.

War for AI supremacy is well and truly on

Big spenders such as US and China have first-mover advantage

The way AI shapes up, the technology will reset how industries and governments work. The stakes couldn't be higher.

Taking on AI advances? Work on education

Nations should not waste valuable time fretting over job losses

How soon can countries update their educational curricula to factor in new tech driven realities? There lies the answer to protecting against job losses.

How will Syria’s rebuilding take shape?

One of the bigger unknowns for now is whether there is enough room for returnees

Syria's civil war devastated its economy and infrastructure. It also led to a refugee exodus featuring some of the country's most skilled professionals.

OPEC+ makes smart move on 2025 supply levels

If it means oil prices holding above $70 a barrel, that will be a big win for producers

OPEC+ oil producers continue to see the benefits of being on the same page when it comes to managing supplies. It will help stabilize prices through early 2025.

OPEC+ needs to keep close watch on Trump tariffs

If US hikes tariffs on Canada, Mexico, it will add to competition in oil markets

If Canadian and Mexican oil exports to the US turn costlier, they could well turn to Asian markets for customers.

How well is GCC doing in non-oil GDP growth?

Individual Gulf economies accelerated towards key milestones in H1-2024

Multiple growth narratives are contributing to reducing the share of oil export revenues in fueling GCC economies.

Is global trade ready for high tariffs?

New US administration is unlikely to hold back on reshaping trade flows

For some major economies, prospect of higher tariffs comes with threat of slower growth and higher costs for consumers.

Oil markets will need reset in second Trump term

Increases to US shale production should not alter oil price dynamics by wide margin

The global oil industry will feel the dynamic shifts as a change of guard takes place in the US. The OPEC+ grouping will have their work cut out.

West’s high taxes are serious drag on economies

All these high taxes will only set off a flight of capital, including to GCC

When taxes are often determined by electoral considerations, then coming up with right tax slabs becomes a difficult exercise. Many Western economies are realising that.

GCC investments in AI will pay off

UAE, Saudi Arabia are not just investing in AI, they are creating talent too

Global tech giants are reportedly scouting the UAE for cutting-edge chip factories. And AI will be the other big factor powering up the economy.

Some GCC states need to rush on rail projects

UAE, Saudi Arabia have progressed on their rail projects with key milestones in sight

The GCC-wide rail project will have immediate benefits for each of the economies. The priority is to make serious strides towards completion within a defined timeline.

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