As part of a broader strategy to diversify away from the energy sector and capitalise on its position at the centre of various global logistics supply chains, Oman is looking to integrate and expand its road, rail, airport and seaport networks.
The Middle East
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Economic update | The entertainment and leisure developments driving Kuwait’s real estate expansion
28 Jun 2019
Kuwait has continued the expansion and diversification of its real estate sector, with progress being made on a series of new mixed-use and entertainment-focused developments.
International access to Saudi equities continues to grow on the back of reforms to capital markets and the recent inclusion of dozens of stocks in an influential emerging markets index.
Mirroring a trend seen across the Gulf, two lenders in Qatar announced the country’s first bank merger in a move officials say will support economic growth and the development of the financial and private sectors.
Buoyed by steady economic expansion, Kuwait’s retail sector is expected to see solid growth in the second half of 2019 and beyond, though fluctuating consumer sentiment and policy changes could weigh on turnover.
Economic update | How the UAE space programme is driving research and international cooperation
30 May 2019
The UAE’s drive to develop its space research capacity will see a Mars probe launch in 2020, with the country also seeking to boost synergies with global academic institutions and space agencies, in order to strengthen human resources and enhance data sharing in the field.