A new expansion drive will see Kuwait invest $120bn in hydrocarbons projects through to 2030, with the aim of boosting both upstream and downstream production capacity ahead of an anticipated rise in energy demand.
The Middle East
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Bahrain’s bid to carve a niche as a regional centre of ICT innovation took a step forward following the decision by Amazon Web Services (AWS) to base its first Middle Eastern cloud technology data centre in the kingdom.
Economic update | New international hotel announced for Sharjah on back of rising guest numbers
30 Nov 2017
High-end hotel investments, new flight connections and an active meetings, incentives, conferences and exhibitions (MICE) segment are combining to drive growth in Sharjah’s tourism industry.
Plans to accelerate development of the Omani fisheries industry are gaining pace, with a series of temporary labs designed to help operators overcome challenges.
Economic update | Dubai to launch index futures following three new licensing agreements
27 Nov 2017
Efforts to expand the reach and product offering of Dubai’s capital markets accelerated in October, as Nasdaq Dubai inked several deals to launch index futures.
Saudi Arabia is furthering plans to create the world’s largest sovereign wealth fund and use it as a vehicle for driving economic growth, a move that will have a far-reaching impact on regional and global markets.