The Middle East

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Although the IMF argued in a recent study that economic growth in Jordan will likely remain “subdued” over the coming year, it also made note of a few sectors supporting economic expansion. Banking in particular was highlighted, with the IMF stating that the banking system remains one of the economy’s strongest industries.

Kuwait is moving to bring its information technology (IT) infrastructure in line with its neighbours by improving services, the network and the regulatory environment that governs the sector.
While the Strategic Tunnel Enhancement Programme (STEP) may not have grabbed as many headlines as some of Abu Dhabi’s larger infrastructure projects, the new wastewater network is crucial to the long-term health and welfare of the city.
With passenger traffic on the rise and new routes earmarked for its flag carrier, Ras Al Khaimah (RAK) is strengthening its foothold in the regional aviation market despite facing tough competition from the other emirates.
In a move that is expected to strengthen food security in Oman, the Public Authority for Stores and Food Reserves (PASFR) announced in late May that it was planning to standardise the prices of certain essential items in different parts of the Sultanate.
Sharjah is seeking to position itself as a niche aviation connection centre, with the local budget airline expanding the number of routes it serves and specialist carriers focusing on potential in the upper end of the market. High costs and stiff competition, however, could pose a challenge to the emirate’s ambitions.

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