The telecoms sector in Kuwait has maintained steady growth in recent months, with profits rising on the back of robust demand for mobile broadband and data services.
The Middle East
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Plans to expand Abu Dhabi’s ports network are moving ahead as local cargo traffic holds steady despite the slowdown in global shipping volumes over the past year.
Late March saw the Bahrain Bourse (BHB) inaugurate the Bahrain Investment Market (BIM) – an alternative source of financing for growing businesses in the kingdom and the wider MENA region.
Increased investment in Saudi Arabia’s mining sector looks set to lift its GDP contribution significantly in the coming years, as part of an accelerating push to diversify the economy under the Vision 2030 development plan.
Central Bank of Oman (CBO) statistics show an upswing in money supply among the nation’s banks in the first quarter of 2017, with total deposits to conventional banks rising by 4.2% to OR19.02bn ($49.4bn), compared to growth of 2% in quarter one 2016.
With online consumer activity set to spike across the MENA region during the religious festivals of Ramadan and Eid, Qatar is looking to encourage e-commerce, as part of a broader push to catalyse private sector development.