A boom in bank lending in Saudi Arabia may have reached its peak as tighter credit conditions and weaker private sector activity could curb loan growth this year despite a long-term undersupply of property for sale in the Saudi Arabian market.
The Middle East
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Economic update | Saudi home loan growth rate to cool
24 Feb 2015
Long established as a destination for major brands, Kuwait has witnessed steady retail expansion in recent years, but falling oil prices and forecasts of a budget deficit risk clouding the outlook for 2015.
Economic update | Qatar taps into retail growth
19 Feb 2015
Higher income levels, together with greater choice for consumers and changes in shopping patterns, are set to drive growth in Qatar’s retail sector, despite mall operators finding themselves in an increasingly competitive marketplace.
Major investments are underway in Bahrain to reinforce the electricity grid and broaden distribution as the kingdom tries to keep up with increasing demand for power.
Economic update | Oman adds links to food chain
10 Feb 2015
Major investments in agri-businesses this year look set to help Oman improve food security and develop an export capacity in processed foods from its new hub in the northern port city of Sohar. The expansion will also produce spin-off benefits for the freight and packaging sectors.
Looking to capitalise on its reputation for healthcare, Dubai has set its sights on expanding the medical tourism sector with a target of half a million health and wellness visitors by 2020, boosting the economy with a fourfold increase in revenues from this segment.