The Financial Sector Development Programme (FSDP) 2020, which was approved in early May, aims to expand the capacity of financial services firms to meet the financing needs of Vision 2030, Saudi Arabia’s long-term national development plan.
The Middle East
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Amid a backdrop of recovering commodity prices and stronger economic growth, in mid-May Kuwait decided to postpone introduction of value-added tax (VAT) until 2021, although it still intends to implement an excise tax as scheduled.
The expansion of a major gas project, the announcement of new finds and investment in downstream oil infrastructure are expected to support fresh growth in Oman’s energy sector.
Economic update | Bahrain’s new hydrocarbons find could replenish energy and fiscal reserves
31 May 2018
Newly identified oil and gas deposits are expected to increase momentum in Bahrain’s energy sector and could have a wider economic impact by easing concerns over rising debt levels.
On April 1 Bahraini officials announced initial testing had...
Economic update | Preventative care and private engagement key to Qatar’s new health strategy
31 May 2018
Qatar is placing significant focus on preventative health care as part of its new five-year plan for the sector, with efforts to improve the general health of the population and reduce the cost of service provision set to offer increased opportunities for private sector investment.
In mid-April the Dubai Land Department (DLD) issued its quarterly report on real estate transactions, which showed there had been 13,759 sales, mortgage agreements or other deals conducted in the first three months of the year.