From the start of this year, Oman has doubled gas tariffs for industrial producers, with the move expected to squeeze margins for operators. However, the higher prices may spur a move towards greater efficiency, which could benefit the sector over the long-term.
A strong outlook for corporate earnings and the broader economy in Qatar, combined with an easing of restrictions on foreign ownership of firms, is pointing to a positive investment environment this year.
With gains in the Bahraini real estate market demonstrating a gradual return of investor and developer confidence, a drive to restart work on long-delayed residential developments is likely to give further impetus to the recovery.
Demand for IT services in Dubai is set to soar over the coming decade, underpinned by strong demand for both software and hardware products.
Rising demand for fuel and oil derivatives, combined with an expanding petrochemicals sector, is driving growth in Turkey’s refining industry, with competition set to heat up over the next few years for the increasingly lucrative market.
The launch of mobile virtual network operators (MVNOs) in the Saudi telecoms market looks set to expand product and pricing options for customers, and boost handset sales, as new operators look to carve out niche segments in the increasingly competitive mobile sector.
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