A landmark return by Turkey to investment grade territory following an 18-year hiatus has brought fresh confidence to the country and could pave the way for a new era of investment.
The Middle East
Displaying 7411 - 7416 of 9143
Increased crude production in Saudi Arabia, combined with rising oil prices, has put the Kingdom on track to generate record annual revenues for the sector, with recent figures from Riyadh-based Jadwa Investments indicating that income could reach a yearly high of $288bn for 2012.
The local real estate sector continues to send out mixed messages. While Kuwait’s residential segment is clearly on the rise, other components of the market are struggling to rebound from the downturn in the property market in 2009 and, more recently, domestic political concerns.
With mobile penetration already well above 100%, the increasing popularity of high-speed mobile and fixed broadband is proving to be the key to growth in the Omani telecoms sector. Increasing operating costs and declining text usage are cutting into profits, however.
The banking sector is still dealing with fallout from the 2009 economic crisis, but banks are slowly reducing their bad debt ratios thanks to new requirements set out by the central bank and due to come into effect next year.
Economic update | Qatar: Measured growth
26 Nov 2012
The transport sector in Qatar has had mixed results so far this year, in part a reflection of its exposure to the global economy. However, the three leading transport firms listed on the bourse continued to post strong earnings leading into the last quarter of the year.