The trade between the Gulf Arab states reaches 12%, and there is a great similarity between them in the form of the economy and the nature of the reforms; the citizens of the Gulf states are treated as citizens, to a large extent, in work and movement with the national identity, customs tariffs and other agreements. But the question here is: Can these arrangements and agreements increase to reach an economic union similar to the European Union? And is the idea of ​​a unified Gulf currency logical or feasible to implement? Today we are witnessing transformations that are taking the Gulf Arab states to the post-oil stage, but the difference between the quantity and form of reforms is clear in several aspects such as the difference in tax, for example, in Saudi Arabia the value added tax is 15%, and in Kuwait it is zero! Also, the Gulf states do not intend to impose an income tax, and Oman intends to implement it next year. We can also say that Saudi Arabia and the Emirates are investing in the automotive industry, as Saudi Arabia established the company "Sir" and invested in "Lucid", and tourism constitutes a large part of the economy of the city of Dubai, and it is also a clear and strong goal for Saudi Arabia. Between similarities and differences, an enjoyable conversation and discussion with our guest Hamad Al-Majidi, an economist specializing in finance, banking and accounting. — • A newsletter from me, Abdulrahman Abu Maleh, and the Fنجان team, for our loyal podcast audience. https://thmanyah.link/8be1e3 • Share a guest or topic you’d like to hear about on Fنجان: https://thmanyah.link/37a0c7 • Listen to the Souq podcast. ???? https://thmanyah.link/apple-podcasts-... • Own smart residential units with sustainable real estate services and innovative purchasing solutions, with Safa Investment Units: https://thmanyah.link/561 • “Salla” is the largest e-commerce solutions platform in Saudi Arabia: https://thmanyah.link/is2 • “Al Rajhi Takaful” provides innovative and reliable insurance solutions: https://thmanyah.link/2c1 • Whether you’re a coffee lover prepared by professional coffee makers or prefer to make it at home. We are honored to enrich your knowledge in the world of specialty coffee. Start with one step: https://thmanyah.link/9y3 and share your experience with us through our interactive platforms. Request Nova Water: https://thmanyah.link/84q Episode Topics: (00:00) The beginning (03:01) Electric cars in the Gulf (23:13) Profitable car companies (30:19) Challenges in the car manufacturing market (36:33) Car manufacturing in the Gulf countries (45:17) The Gulf economy and currency (55:44) IMF advice (1:01:41) Retirement and economic awareness (1:18:25) The impact of hosting “Expo” on the economy (1:24:57) After the episode: Disengaging from the dollar Links: / hamadalmajidi — Hamad Al-Majidi’s account on X The Eight website: https://thmanyah.link/fa44da Radio Eight: https://thmanyah.link/af2741 Eight on Twitter: / thmanyah Eight on Instagram: / thmanyah Eight on TikTok: / thmanyah Eight on Facebook: / thmanyah