Oman has implemented a new tax on alcohol, sugary drinks and tobacco products, as the country seeks to bolster state revenues amid ongoing fiscal reforms.
The Middle East
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Economic update | What are the likely outcomes of Saudi Arabia’s overseas investment drive?
2 Aug 2019
Saudi Arabia has rapidly been increasing its business footprint overseas, last year tripling its foreign direct investment (FDI) outflows.
Dubai is seeking to stimulate growth among the emirate’s start-ups with the release of a white paper outlining solutions to improve access to funding, offer greater support and build investment networks for small businesses.
It has been two years since three Gulf countries and Egypt placed an economic blockade on Qatar, to which Qatar responded by implementing a series of reforms, seeking out new trade partners and amplifying economic diversification efforts. How effective have these measures proved?
Bahrain has unveiled a series of new infrastructure initiatives in a bid to bolster current transport capacity and fuel the country’s wider economic growth.