A group of domestic and international investors have acquired a 44% stake in Boursa Kuwait, the country’s stock exchange, with plans in the offing to launch an initial public offering (IPO) for the remaining shares.
The Middle East
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Changing labour market trends, in part a result of efforts to boost the number of domestic citizens in the workforce, are shifting Saudi Arabia’s economy and the retail sector in particular.
In a boost to its standing as a centre for advanced research and innovation, Dubai has been chosen to host an affiliate centre for the Fourth Industrial Revolution Network, an initiative of the World Economic Forum (WEF).
A mixture of spending cuts, revenue-raising measures and financial support from regional neighbours will form the core of Bahrain’s newly unveiled programme designed to reduce its deficit and return to surplus by 2022.
Moving to increase its air transport and logistics capacity, Qatar has directed new funds towards the upgrade of Doha’s Hamad International Airport (HIA), while Qatar Airways, the nation’s flag carrier, has also forged new passenger and cargo links.
Economic update | Where investors see challenges and opportunities amid Dubai’s falling real estate prices
28 Feb 2019
Real estate prices in Dubai have continued to fall on the back of oversupply and ongoing development, with the trends posing both challenges and opportunities to the emirate’s economy moving forward.