In its latest assessment of the state of the Gulf economy, the World Bank revealed that countries in the region still need more reforms to support efforts to diversify sources of income.
In a report titled "Structural Reforms and Shifting Social Norms to Increase Women's Labor Force Participation," the Bank touched on the economic diversification efforts in the Gulf countries that are beginning to bear fruit, with the need for further reforms still needed.
To maintain this positive trajectory, countries in the region must continue to exercise prudent macroeconomic management, remain committed to structural reforms, and focus on increasing their non-oil exports.
Source (Al-Arab Newspaper of London, Edited)
