Ras Al Khaimah stands out in the Gulf as one of the region’s most diversified economies. Investment spread across manufacturing, tourism, retail, high-tech industries and construction has been underpinned by improvements in infrastructure and connectivity. Quarrying, mining and manufacturing accounted for some 30% of GDP, followed by financial services, at 14.4%. In particular, the metal sector...
The Middle East
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Chapter | Financial Services from The Report: Ras Al Khaimah 2012
Despite the lingering effects of the 2008-09 international economic downturn and the more recent political unrest in the region, Ras Al Khaimah’s financial services sector is expected to grow substantially, fuelled by steady expansion in retail banking, Islamic financial services (IFS) and the insurance segment. Indeed, annual deposit growth at UAE banks reached a high of 16% in April 2011....
Economic update | Kuwait: Improving marketability
13 Aug 2012
Ahead of a planned privatisation of the country’s stock exchange, Kuwait’s Capital Market Authority (CMA), has been stepping up efforts to ensure listed firms are fully in compliance with a tightened regulatory regime, while at the same time providing transparency and accountability.
With some of the fastest-growing free trade zones in the region, Ras Al Khaimah has witnessed impressive economic expansion and diversification across key industries in recent years, and is on its way to becoming an important investment destination in the Gulf
Economic update | Dubai: Momentum building again
9 Aug 2012
In the wake of the global financial crisis, Dubai’s construction sector has been slow to recover, with a near freeze on new developments. However, there are signs that the industry is beginning to move forward again.
Economic update | Oman: Meeting water demand
9 Aug 2012
The utilities sector is turning to private and foreign investors to help spur the growth needed to meet local demand. The construction of 16 power and water projects worth $3.1bn are slated to increase water desalination capacity in the country, as well as improve wastewater treatment and conservation awareness.