Despite ongoing fiscal challenges, Bahrain’s economy proved resilient throughout 2019, with the World Bank projecting growth of 1.8%. While expansion of the non-oil economy is expected to slow from 2.5% to 2.2%, the oil sector is due to move back into the black (0.2%), reversing the 1.2% contraction recorded the previous year.
Increased public investment and a recovery in demand across the region helped Sharjah post more robust growth in 2019, as the emirate continues to expand its free zones and industrial projects.
What are the primary forces driving demand for ICT solutions in the Kuwaiti private sector?
Abu Dhabi’s economy expanded steadily in 2019, thanks in part to oil sector growth and the ongoing rollout of publicly backed economic stimulus plans.
Saudi Aramco has listed shares on the Saudi Stock Exchange (Tadawul) in the world’s biggest-ever initial public offering (IPO). Shares began trading on December 11, and Saudi Aramco’s stock rose by 10%, the Tadawul’s daily limit.
A series of recent developments have underlined Dubai’s commitment to strengthening its position as a regional financial technology (fintech) leader.
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