Rising oil prices helped offset cuts in Kuwait’s energy production in 2017, with infrastructure projects and new taxes laying the foundations for healthy growth this year.
Rising oil prices helped offset cuts in Kuwait’s energy production in 2017, with infrastructure projects and new taxes laying the foundations for healthy growth this year.
An expected increase in oil prices, combined with sustained growth in the non-oil sector, should drive economic expansion in Abu Dhabi in 2018, allowing the economy to rebound from a relatively flat performance in the previous 12 months.
Abu...
Stronger oil prices offset lower energy production in Oman, as the government moved to accelerate fiscal reforms and broaden its revenue base.
Continued fiscal consolidation and reform, combined with steady growth, were the hallmarks of Bahrain’s year in 2017, with a similar outlook forecast for the coming 12 months.
Saudi Arabia laid the foundations for a major overhaul of the national economy in 2017, with the government taking steps to privatise key state assets and stimulate investment, as part of long-term plans to diversify the economy.
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