The Middle East

The pharmaceutical industry in Saudi Arabia is set to expand significantly amid government efforts to roll out broad-based reforms to the health care system.

In an effort to more effectively address real estate market dynamics, the Dubai government has announced the creation of a new body tasked with bringing about a balance between supply and demand in the emirate.

With the launch of a series of initiatives to support growth in the non-oil sector, Abu Dhabi is reinforcing its efforts to diversify the economy away from hydrocarbons.

Kuwait has moved to further expand its energy sector, after officials resumed talks with their Saudi Arabian counterparts on oil production in the Partitioned Neutral Zone (PNZ).

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.