The Jordanian authorities have launched a new over-the-counter (OTC) exchange as part of a series of initiatives to boost the competitiveness of the kingdom’s capital markets.
The Middle East
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Economic update | Dubai taps into halal tourism
23 Sep 2016
Increased investment – from sharia-compliant accommodation to consumer goods – is helping Dubai position itself as a key player in the rapidly expanding global halal travel industry.
While falling property prices in Dubai have reduced Sharjah’s real estate competitiveness over the last year, a spate of large-scale, mixed-use developments and improvements to transport infrastructure are spurring a more positive market outlook.
The government’s recent decision to make cuts to Kuwait’s petrol subsidy system is expected to boost state coffers amid low global oil prices, despite some push-back from organised labour.
Strong domestic demand and the desire to conserve oil resources for export are driving reform in Saudi Arabia’s power sector.
Proposed changes to Saudi Arabia’s capital markets regulations could be fast-tracked by authorities, paving the way for increased participation from international investors.