High levels of consumer spending, coupled with reforms allowing for greater foreign ownership of retail businesses, look set to drive expansion in Saudi Arabia’s retail sector through to 2020 and beyond.
The Middle East
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While the first half of 2016 saw property values fall in Dubai’s real estate sector, strong fundamentals and consistent demand from foreign buyers suggest they may flatten out in the second half before turning upwards in the lead-up to Expo 2020.
Kuwait’s banking sector remained stable last year despite growth easing from double-digit levels in 2013 and 2014, according to the most recent Financial Stability Report released by the Central Bank of Kuwait (CBK) in July.
Supply in Qatar’s commercial real estate market is predicted to more than double in the coming years.
Although recently faced with lower activity, increased economic growth and new projects coming on-line could see demand rise in Jordan’s property market.
Articles & Analysis | Dubai consolidates oversight for sharia compliance from The Report: Dubai 2016
One of the major reforms expected in the Islamic financial services sector in Dubai is a new, federal-level sharia board. Approved in May 2016 by the UAE Cabinet, the authorities believe that it will improve services and governance, and carve a path towards standardisation in what is a young and fast-developing industry. As of mid-2016...