The Central Bank of Bahrain has set out new rules on the issuance of securities as the kingdom looks to boost activity in its financial services sector.
The Middle East
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Islamic banks in Qatar are gaining strength, with sharia-compliant lenders outperforming their conventional counterparts in many areas during 2013, despite the confines of an increasingly competitive market.
Ports in Kuwait have performed well in recent years, supported by a national bid to increase both hydrocarbon exports and non-oil commercial shipping activity. However, while plans to upgrade facilities and improve access to new oilfields bode well for the industry, the sector also faces several challenges, led by fluctuations in global demand and regional competition.
Telephone companies in Jordan are set to face a series of challenges in 2014, with the possibility of a new player entering the market at a time when costs and charges are eating into profits.
Faced with rising power consumption and a grid under pressure, Dubai is stepping up its efforts to improve energy efficiency, while boosting the role played by renewable resources in meeting demand. Long term, a broad range of initiatives, supported by a new regulatory framework announced last year, should help bring energy costs under control.
Widespread drought is affecting Turkey’s agriculture sector, with the 2014 wheat harvest at particular risk of underperforming and warnings of crop failures in a number of grain-growing regions.