With Qatar’s state budget now moving into deficit for the first time in 15 years, clearly a new paradigm for construction project financing is now beginning.
This new pattern will likely continue to be the blueprint for some time, too, as many analysts believe oil and gas prices are unlikely to dramatically turn around soon – further eroding government...
As with the rest of the banking sector across the GCC region, Abu Dhabi’s financial institutions are seeing liquidity conditions tighten as part of the fallout from weaker energy revenues.
A drive to encourage entrepreneurship in Qatar is gaining pace, as efforts to streamline the start-up process yield results.
A campaign to reduce congestion on Dubai’s roads and encourage greater use of public transport looks to be yielding results.
Increasing capacity in Jordan’s aviation sector could hold the key to growing the tourism sector and improving inter-regional connectivity over the next five years.
An expanded bus network and a new light rail project are set to improve traffic conditions in Bahrain, while a planned second causeway to the Arabian peninsula should help ease regional freight transport over the long term.
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