How have local companies adjusted their business strategies to weather the ongoing economic climate?
The Middle East
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Economic update | Launch of diversification strategy pushes Abu Dhabi towards development goals
31 Oct 2018
Abu Dhabi has moved ahead with plans to bolster the emirate’s non-oil economy following the launch of a Dh50bn ($13.6bn) programme aimed at fast-tracking economic growth and social development.
Economic update | Launch of new free zones to boost Qatar’s foreign investment and diversification plans
31 Oct 2018
Qatar is ramping up efforts to increase foreign investment and incentivise activity in a range of different industries, unveiling plans to launch two new free trade zones.
The insurance sector is expected to be a key beneficiary of Saudi Arabia’s recent decision to lift its ban on female drivers, a move that should also have a strong impact on automotive sales and services industries.
Economic update | Bahrain approves VAT, spending measures to help improve fiscal balance
24 Oct 2018
The introduction of a goods and services tax, coupled with cost-cutting measures and a proposed multibillion-dollar loan, is expected to help Bahrain improve its fiscal position and reduce national debt.
Economic update | Sugar refinery and processing plants to boost Oman’s agricultural sufficiency
24 Oct 2018
Oman has moved forward with plans to develop the country’s first sugar refinery, part of a strategy aimed at improving domestic food security through agricultural processing.