 Published in Al Arabiya
“The EU and UK are going to be under greater economic pressure than before, meaning that if the GCC countries play their cards right they can get more favorable terms in economic deals, such as trade and investment agreements,” said Omar al-Ubaydli, a Bahraini economist. Continue
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 Published on Al Arabiya
The shockwaves from the Brexit vote to both the UK and the European Union member states could mean give Gulf states an opportunity to sign better trade deals with both, said Omar al-Ubaydli, an economist and director at the Center for Strategic, International and Energy Studies in Bahrain. “The EU and UK are going to be under greater economic pressure than before, meaning that if the GCC countries play their cards right they can get more favorable terms in economic deals, such as trade and investment agreements,” Ubaydli said. Continue  Published in Al Arabiya English
Omar al-Ubaydli, an economist and director at the Center for Strategic International and Energy Studies in Bahrain, Saudi’s island neighbor, sees Saudi’s new seat on Uber’s board as a key factor of the deal. The seat will be occupied by Rumayyan, the Saudi wealth fund’s managing director, who since February last year has also served as an advisor to the royal court. “Expect Saudi Arabia to benefit from the business experience gained via the board seat to help it launch its own sharing apps tailored to the unique needs of the Saudi economy,” added Ubaydli. Continue Published on Al Arabiya News
Speaking to Al Arabiya News from Manama, program director at Bahrain's Center for Strategic, International and Energy Studies Omar al-Ubaydli told Al Arabiya News that while in the short term Bahraini citizens will feel the pinch, economic reforms are much needed during the current climate. “The GCC subsidy system needs to be reformed because it is not serving its purpose: it is an ineffective and very expensive way of redistributing to the poor, and with declining oil prices, all the GCC countries will reform their subsidies. In this sense, it is an unsurprising development,” Ubaydli said. Continue |
Omar Al-Ubaydli
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