Economy

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Economic update | Indonesia needs a creativity boost

21 Oct 2013
As concerns grow that an over-reliance on resource-related exports could see Indonesia repeat the boom-bust mistakes of its past, the country is being encouraged to accelerate moves to diversify its economy away from commodities and towards areas such as the creative industries.
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Economic update | Ratings boost for the Philippines

21 Oct 2013
Citing solid growth, political stability, greater accountability and a low level of exposure to external shocks, Moody’s has joined Standard & Poor’s and Fitch in assessing the Philippines’ sovereign credit rating as investment grade, with the agency holding out the possibility of a further upgrade.
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Economic update | Kuwait’s economy bolstered by consumer spending

13 Oct 2013
The latest data show that Kuwait’s GDP growth in 2012 was driven by a rapid rise in the oil sector, although the non-oil economy showed improvement. An uptick in consumer sentiment is set to support continued expansion in 2013, but Standard & Poor’s (S&P) says that long-term growth may be hampered by the government’s inability to meet its investment goals.
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Chapter | The Guide from The Report: Ras Al Khaimah 2013

This chapter highlights two forts in the emirate, one of which now serves as the National Museum. The Guide also contains listings of some of the leading hotels and resorts and features contacts details for government offices and services. It also contains useful tips and information for business and leisure visitors alike.
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Chapter | Economy from The Report: Ras Al Khaimah 2013

Ras Al Khaimah’s economy is well diversified, with five sectors accounting for more than 8% of GDP each: resource extraction and related services; trade; financial services; government services; and construction. Manufacturing is the mainstay of the economy, comprising 26% of GDP. Free zones have been crucial to the emirate’s economic growth, with the government offering investors a range of...
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Chapter | Country Profile from The Report: Ras Al Khaimah 2013

The fourth-largest emirate of the UAE, Ras Al Khaimah may be small, but its geography is varied and it boasts significant resources that have enabled it to complement the hydrocarbons wealth of its neighbours. Home to the largest rock quarry in the Gulf, RAK has built strong cement and ceramics industries, while its 64 km of coastline holds potential for tourism, a sector that the government is...
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