With growth in the Kuwaiti banking sector hitting double-digit figures in 2014 − reaching its highest rate in the last seven years – momentum is set to continue this year, despite uncertainty surrounding the broader economy.
The Middle East
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Economic update | Jordan lays out economic vision
26 Aug 2015
The final draft of a new economic programme, targeted for the end of August, will set a new path for socio-economic development in Jordan, as part of a wider ten-year blueprint launched in May.
Economic update | Dubai comes out ahead in Iran deal
24 Aug 2015
Iran’s recent deal with world powers is expected to create a raft of trade and investment opportunities for Dubai, widely seen as Tehran’s stepping stone to re-engagement with global markets.
The long-distance passenger and freight rail transportation system in Qatar, part of the wider GCC rail network currently under development, is moving closer to pulling out of the station.
Lower oil prices are likely to moderate Bahrain’s economic growth this year, though a strong non-oil sector, along with a sustained programme of state investment, should underpin GDP expansion into 2016 as oil markets await renewed demand.
The recent return to the bond market by Saudi Arabia marks a significant shift in government policy as the world's biggest oil exporter taps capital markets to cover budgetary shortfalls and balance drawdowns of foreign reserves.