What is the strategy for achieving sustainable and balanced growth to ensure economic diversification and management of resources?
The Middle East Economy
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Interviews & Viewpoints | Sultan Qaboos bin Said Al Said on the importance of human capital, the private sector, training and education. from The Report: Oman 2013
Oman was once in great need of development in all fields, and we understand that in order to achieve the goal of human and social development in all areas of the sultanate, it has been necessary to establish solid infrastructure on which development plans and programmes will be based. This is particularly true in the fields of education, health...
Economic update | RAK: Year in Review 2012
15 Jan 2013
The economy of Ras Al Khaimah (RAK) has continued to expand, and while final year-end 2012 figures for growth have yet to be released, officials say they are confident that the forecast 8% increase in GDP – the same rate as in 2011 – will be have been achieved in the emirate.
Economic update | Kuwait: Year in Review 2012
14 Jan 2013
The year 2012 was one marked by ups and downs for Kuwait, with a record profit highlighting the country’s economic growth, but also exposing its perpetuating reliance on oil revenues. While the planning of new infrastructure projects and growth in the banking sector showed that the country is recovering well from the effects of the 2009 economic crisis, the political scene was dominated by tensions between the government and opposition, which left the parliament paralysed for most of the year.
Economic update | Qatar: Year In Review 2012
10 Jan 2013
A bid by Qatar’s government to consolidate several years of economic expansion, while channelling a budgetary surplus towards large-scale capital works projects, helped the country achieve its aim of more moderate growth for 2012.
The Saudi Arabian economy recorded another solid year of expansion in 2012, sustained by its energy sector and a steady rise in state spending. While growth may moderate in 2013, a number of sectors, including construction and banking, look set to continue expanding.