Bahrain pioneered oil production in the Middle East beginning in the 1930s, establishing the region’s initial framework for the petroleum industry. Some 90 years later oil and gas operations comprise 18% of GDP, with the economy well diversified to host established financial services and industrial sectors, as well as unique tourism offerings.
In what ways are digital tools and advanced analytical technologies improving the collection and interpretation of data?
Several positive macro-economic developments gave the Egyptian economy a boost in 2019.
Ongoing expansion in key sectors fuelled solid growth in Kenya in 2019, although rising debt continues to challenge economic performance.
Muted growth figures did not detract from a generally positive year for Qatar, in which new developments in liquefied natural gas (LNG) production were matched by broad-based expansion in non-hydrocarbons sectors.
Although a slowdown in international trade made 2019 a leaner year for Morocco, real GDP growth decreased only slightly to 2.7%, from 3% in 2018, according to the IMF. This trend is expected to be reversed in 2020, with the national authorities and the IMF forecasting growth will accelerate to 3.5% and 3.7%, respectively.
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