Qatar is ramping up efforts to increase foreign investment and incentivise activity in a range of different industries, unveiling plans to launch two new free trade zones.
The Middle East
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The insurance sector is expected to be a key beneficiary of Saudi Arabia’s recent decision to lift its ban on female drivers, a move that should also have a strong impact on automotive sales and services industries.
Economic update | Bahrain approves VAT, spending measures to help improve fiscal balance
24 Oct 2018
The introduction of a goods and services tax, coupled with cost-cutting measures and a proposed multibillion-dollar loan, is expected to help Bahrain improve its fiscal position and reduce national debt.
Economic update | Sugar refinery and processing plants to boost Oman’s agricultural sufficiency
24 Oct 2018
Oman has moved forward with plans to develop the country’s first sugar refinery, part of a strategy aimed at improving domestic food security through agricultural processing.
Economic update | Competitiveness and business environment see Dubai climb global financial rankings
18 Oct 2018
Dubai has improved its standing as one of the world’s top financial hubs and reinforced its position as a key regional centre for banking services, according to a recent survey on the global finance industry.
Economic update | Kuwait takes steps to encourage industrial growth and export competitiveness
5 Oct 2018
A new GCC accreditation for Kuwait’s laboratories, coupled with the release of more than 1000 parcels of industrial land, should boost government plans to increase industrial output by 25% in the coming years.