The Middle East

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Telecommunications providers in the UAE are re-aligning their strategies and upgrading their networks amid greater competition, high mobile saturation and shifting revenue patterns.
New regulations for Islamic banking in Qatar released by the Central Bank in late August will change the way conventional banks offer sharia-compliant services and likely boost the performance of banks that focus solely on such services.
Large-scale infrastructure projects under way in Abu Dhabi are expected to give the economy a welcome fillip and open up future investment opportunities.
Although the two biggest tourism events of the year have yet to take place, Abu Dhabi’s hospitality sector is registering strong growth and making solid headway on meeting its annual growth target.
New legislation restricting foreign investment in real estate has brought a welcome end to speculation over the issue while at the same time clarifying the transaction process. As such it is being heralded as a significant step forward for the sector
Ongoing developments in Abu Dhabi’s nascent microchip industry, such as plans for a major production plant and big investments by state-owned firms in cutting edge technologies, indicate a bright future for the sector.

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