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Sep. 7, 2021

Saudi-Emirati economic rivalry grows as UAE launches new initiatives  

Peninsula/Economy
Amwaj.media
Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan (L) meets with Saudi Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia on Jul. 19, 2021. (Photo via Getty Images)Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan (L) meets with Saudi Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia on Jul. 19, 2021. (Photo via Getty Images)

The story: The economic competition between Saudi Arabia and the United Arab Emirates (UAE) continues as the two neighbors maneuver to emerge as the Gulf region’s chief economic hub. The UAE’s new “Projects of the 50” initiative aims to attract foreign investment to further diversify its non-oil economy. Meanwhile, Saudi Arabia is proceeding with plans to move Saudi media offices out of Dubai.

The coverage: On Aug. 31, Al-Quds Al-Arabi reported...

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