A drive aimed at encouraging Qatar’s citizens to set up in business is gaining pace, as the government moves to increase the private sector’s contribution to the national economy through regulatory changes and stronger support for entrepreneurs.
The Middle East
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Economic update | Qatar steps up support for SMEs
19 Feb 2014
A new committee has been launched to build on the success of the Aqaba Special Economic Zone, the centrepiece of a long-term strategy to spread faster and more sustainable economic development to the rest of the kingdom.
The Central Bank of Bahrain has set out new rules on the issuance of securities as the kingdom looks to boost activity in its financial services sector.
Islamic banks in Qatar are gaining strength, with sharia-compliant lenders outperforming their conventional counterparts in many areas during 2013, despite the confines of an increasingly competitive market.
Ports in Kuwait have performed well in recent years, supported by a national bid to increase both hydrocarbon exports and non-oil commercial shipping activity. However, while plans to upgrade facilities and improve access to new oilfields bode well for the industry, the sector also faces several challenges, led by fluctuations in global demand and regional competition.
Telephone companies in Jordan are set to face a series of challenges in 2014, with the possibility of a new player entering the market at a time when costs and charges are eating into profits.