The past year has been a positive one for the Kingdom’s banking sector, with asset growth and profitability continuing the upward trend that has buoyed the industry in recent years. Growing cooperation between local and overseas banks has helped the sector, while remittance flows in the Kingdom are second only to those in the US. Government initiatives offer support for SMEs looking to boost...
The Middle East
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Fuelled by the ongoing state infrastructure investment drive, non-oil private sector growth was estimated at 9.4% in 2013. The Kingdom posted a budget surplus of $54.9bn in 2013, or 7.4% of GDP, driven largely by oil exports, which averaged 7.54m bpd over the course of 2013. Efforts are under way to boost the employment of nationals and make the most of Saudi Arabia’s young population, and...
Further progress has been made in plans to build the Gulf region’s rail network, with Saudi Arabia looking to closely align the project with its economic and social priorities.
Articles & Analysis | Qatar's new free trade agreements to boost cross-border trade from The Report: Qatar 2015
Consistently posting sizeable budget and trade surpluses, Qatar has seen its trade and investment activity reach historic highs in recent years, driven by steady hydrocarbons exports, growing import demand, measured market liberalisation and expansion of bilateral trade relations. Although foreign direct investment (FDI) inflows declined in...
Articles & Analysis | New economic zones in Qatar attract investment and develop local talent from The Report: Qatar 2015
In line with Qatar National Vision 2030 (QNV 2030) goals to boost domestic industry and human capital development, Qatar has ramped up its efforts to attract new domestic and foreign investment, particularly in technology, communications and industry. With QNV 2030 emphasising creation of a diverse, industrialised, knowledge-based economy,...