A US offer to back Jordanian bond issues may help lower the Kingdom’s borrowing costs and boost confidence in the country’s securities, which has been dented by regional instability that has slowed economic growth.
The Middle East
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Economic update | Turkey: Energy pipe dreams
15 Apr 2013
Plans to consolidate Turkey’s position as an energy transit bridge appear to have suffered a setback, with a major project to connect the Black Sea and the Eastern Mediterranean put on hold by both the Turkish government and one of the scheme’s key investors, though for different reasons.
Record growth in the Islamic financial services (IFS) segment in 2012 firmly cemented Saudi Arabia as a global leader in the industry. However, while the segment looks set for further growth several industry leaders have called for greater regulatory uniformity across global markets.
A landmark flight from Baghdad that touched down in late February at Kuwait International Airport looks set to usher in a new era of stronger economic ties between the two Gulf neighbours. The resumption of direct air-travel between Iraq's capital and Kuwait, which is building on a steadily rising flow of traffic between the two countries, spells good news for business leaders.
Economic update | Turkey: Steps toward 4G
8 Apr 2013
A new deal between local telecommunications firms and the Turkish government is expected to see the introduction of a new 4G network in Turkey by 2016. This move has been hotly anticipated by telecoms operators, as they will be able to expand their services and offer new products that take advantage of the improved network speeds.
Solar energy looks set to play a growing role in Oman’s energy mix as the Sultanate moves to address the two-fold challenge it faces of meeting rising demand for electricity while reducing state support for the power sector.