OBG talks to Emad Kilani, CEO, Al Maabar Jordan Investments
The Middle East
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Chapter | International appeal from The Report: Jordan 2013
Economic update | Oman: Adding value to mining
19 Jul 2013
The government is moving to boost Oman’s mining industry, announcing plans to review additional licence applications in 2014. However, any new concessions are likely to be tied to amended investment conditions that will require raw materials to be processed before export. Such stipulations create local employment and add value to the exports.
Despite new state investments in infrastructure and a steadily rising population, the insurance sector in Kuwait is expected to grow more slowly than elsewhere in the Gulf.
As Abu Dhabi looks to develop its capital markets, it has again raised discussions of establishing a Gulf Derivatives Exchange, while an upgrade for the UAE to emerging market status is likely to boost the bourse’s international profile and attract more institutional investors.
Developing stronger ties between Jordan and Iraq was among the topics of discussion at the latest World Economic Forum (WEF) on the Middle East and North Africa, which was hosted by the Kingdom in May.
Major infrastructure projects and extensive plans to galvanise residential construction have fuelled demand for building materials in Saudi Arabia, prompting the government to intervene in the cement market for the second time in as many years. Steel, another vital building material, is also experiencing consistently high demand in the Kingdom.