Supporting the development of Oman’s small and medium-sized enterprises (SMEs) is regarded as a key method for boosting private sector employment levels and direct Omani involvement in the economy. With these goals in mind, government policy is being implemented to provide SMEs with additional funding and expertise, as well as to grant them wider access to government tenders.
Two landmark deals sealed in March have paved the way for Jordan’s power authority to begin buying solar electricity from the private sector, supporting the kingdom’s long-running efforts to boost renewable energy production.
As it looks to have its 18-year-old Customs union with Europe rewritten in mid-2014, Turkey says it is at a disadvantage under some terms of the agreement, in particular through trade pacts between the EU and third parties.
Real estate transactions in Dubai totalled $64.2bn in 2013, up sharply from $42bn in all of 2012. The residential, retail, hospitality and industrial segments all experienced solid growth. Property sales jumped by more than 20% in 2013, with serviced apartments also recording strong growth figures. Demand for Dubai property seems to be coming from all corners of the world. According to the...
As the 2013/14 fiscal year drew to a close, the IMF expressed its optimistic outlook for Qatar for the upcoming year, following a recent visit. That report – combined with a cheery business sentiment survey from the private sector and a jump in 2013 profits for Qatar Exchange-listed firms – reflects refreshed momentum for the Gulf nation, despite ongoing global economic uncertainty and regional tensions, both in the Middle East and Europe.
In terms of addressing business challenges, improved corporate governance requirements, better risk management practices, and reforms to the legal framework would enhance the development and resilience of the UAE economy. Good corporate governance is a key factor in sustaining economic growth. Adhering to best practices in this respect can play an important role in...
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