Following the choice of a Russian consortium to build Jordan’s first nuclear power plant, the government hopes it will help alleviate problems far beyond the obvious ones in the kingdom’s energy sector.
The Middle East
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As property prices in Dubai continue their rise, the Central Bank of the UAE (CBUAE) has issued new mortgage regulations designed to limit speculation and help ensure the long-term stability of the investment environment. However, it appears some rules may affect only a small portion of potential buyers.
A programme by the Omani government to pour billions into infrastructure to help support long-term economic diversification is benefiting the Sultanate’s construction sector, which will likely see its order books filled for years to come.
Banks will be looking to end 2013 on a high note, after most of Kuwait’s lenders recorded encouraging results for the first three quarters of the year, with profits and lending activity on the rise, and prospects appearing sound for the final quarter and on into 2014.
Health services in Qatar are in the midst of transition, with a new national health insurance scheme progressively being implemented. While government officials maintain the system will improve medical outcomes and efficiency, the private sector has objected to their limited responsibilities under the new regime.
Economic update | Turkey’s pipeline balancing act
28 Nov 2013
As Turkey looks to diversify its sources of natural gas, one option that is coming closer to reality is a deal with the Kurdistan Regional Government to build an oil and gas pipeline from northern Iraq. While this link would help consolidate Turkey’s position a regional energy corridor, it risks upsetting relations with Iraq.