Kuwait’s latest budget will focus capital expenditure on downstream oil and gas activities during FY 2017/18 in a bid to create jobs, offset falling crude export revenue and capitalise on rising regional demand for refined products.
The Middle East
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Last year saw Dubai’s retail space grow by 26,000 sq metres, though revenues could remain muted this year as slower economic growth and a stronger US dollar impact trading.
Rising consumer demand and an increased role for the private sector look set to drive expansion and open new doors for investors in Saudi Arabia’s health care industry.
Sharjah is actively increasing its profile abroad through trade shows and high-level diplomatic visits in a bid to bolster existing trade and investment partnerships and build new ones.
Interviews & Viewpoints | Hatim Q Zu’bi, Partner, Zu’bi & Partners, Attorneys & Legal Consultants: Viewpoint from The Report: Bahrain 2017
In an ongoing attempt to ease dispute resolutions, arbitration has become a core practice in the kingdom. Bahrain is the first country in the world to have a free arbitration zone and to introduce the concept of statutory arbitration for commercial and financial disputes, as stated by the President of the American Arbitration Association (AAA...
Articles & Analysis | Rundown of legal requirements for incorporating foreign ownership of companies in Bahrain from The Report: Bahrain 2017
Bahrain is a regional financial hub for investment and business in the GCC. This holds true due to the efforts set forth by the Ministry of Industry, Commerce and Tourism (MoICT), and its minister, Zayed R. Al Zayani, in cooperation with other ministries. The MoICT has taken steps to encourage and create lucrative opportunities for foreign...