Saudi Arabia’s heritage tourism credentials were given a boost in late June, following UNESCO’s decision to add Al Ahsa Oasis to its list of World Heritage sites.
The Middle East
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Recent moves by the Abu Dhabi and UAE governments to waive or reduce hotel and visa fees are expected to bolster the emirate’s increasingly active tourism sector and pave the way for more investment.
Oman is strengthening its maritime cargo-handling capacity and support services through a series of new investments, reinforcing its credentials as a regional logistics hub.
Kuwait’s stock exchange is accelerating efforts to raise its profile both internationally and at home, expanding the range of products on offer and easing listing requirements, moves that could see it granted emerging market status by 2020.
Economic update | Sound monetary policy supports liquidity, credit growth at Omani banks
31 Jul 2018
Prospects for Oman’s banking industry look positive, with recent IMF findings pointing to high capitalisation, low non-performing loans and strong liquidity buffers.
Economic update | Bahrain construction sector grows amid new infrastructure and energy projects
31 Jul 2018
Rising investment in infrastructure and stronger capital inflows for industrial expansion are combining to boost activity in Bahrain’s construction sector, which expanded by 6.7% year-on-year (y-o-y) in the first quarter of 2018, according to data released by the Information and eGovernment Authority last month.