Health was one of the big winners in Qatar’s 2016 budget, at a time when many other areas of the economy saw spending reined in due to lower energy revenues.
The Middle East
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Early indicators suggest that investor sentiment in Bahrain has been largely unaffected by a recent credit rating downgrade from Standard & Poor’s (S&P).
Economic update | Dubai poised for theme park boom
29 Feb 2016
With demand for leisure tourism on the rise, Dubai’s first major theme parks are expected to prove a significant draw when they open for business later this year.
Economic update | Focus on fundamentals: Belt tightening is the new normal for corporates across the Gulf region
29 Feb 2016
In mid-December 2015 Qatar’s Ministry of Development Planning and Statistics cut the country’s GDP forecast for the year to 3.7%, down by nearly half from an earlier prediction of 7.3% and the 6.1% recorded in 2014.
Rising demand for processed metals, fuelled by regional infrastructure projects, is set to help Abu Dhabi’s industrial sector build new momentum in terms of both output and sales.
New investments in the hospitality sector and efforts to raise Bahrain’s international profile should drive tourism growth in 2016, broadening the kingdom’s appeal as a destination for travellers from the region and further afield.