With demand for leisure tourism on the rise, Dubai’s first major theme parks are expected to prove a significant draw when they open for business later this year.
The Middle East
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Economic update | Dubai poised for theme park boom
29 Feb 2016
Economic update | Focus on fundamentals: Belt tightening is the new normal for corporates across the Gulf region
29 Feb 2016
In mid-December 2015 Qatar’s Ministry of Development Planning and Statistics cut the country’s GDP forecast for the year to 3.7%, down by nearly half from an earlier prediction of 7.3% and the 6.1% recorded in 2014.
Rising demand for processed metals, fuelled by regional infrastructure projects, is set to help Abu Dhabi’s industrial sector build new momentum in terms of both output and sales.
New investments in the hospitality sector and efforts to raise Bahrain’s international profile should drive tourism growth in 2016, broadening the kingdom’s appeal as a destination for travellers from the region and further afield.
Economic update | Qatari GTL to defend market share
22 Feb 2016
Rising demand, an expanding product range and innovative new applications for gas-to-liquids (GTL) products should help Qatar maintain growth in its GTL industry, bucking declines in conventional hydrocarbons prices
A continued scaling back on energy, feedstock and utilities subsidies is likely to impact earnings in Saudi Arabia’s industrial sector, potentially reducing its long-held competitive edge.