After passenger numbers dropped off sharply in the opening months of the year, Indonesia’s government has moved to rein in rising air travel costs by lowering ticket prices and increasing local production of jet fuel.
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Mirroring a trend seen across the Gulf, two lenders in Qatar announced the country’s first bank merger in a move officials say will support economic growth and the development of the financial and private sectors.
Buoyed by steady economic expansion, Kuwait’s retail sector is expected to see solid growth in the second half of 2019 and beyond, though fluctuating consumer sentiment and policy changes could weigh on turnover.
Kenya accounted for the bulk of private equity (PE) and venture capital (VC) transactions by volume and value in East Africa in the last five years, and improvements to the business environment could see the country retain its lead going forward.
Economic update | How the UAE space programme is driving research and international cooperation
30 May 2019
The UAE’s drive to develop its space research capacity will see a Mars probe launch in 2020, with the country also seeking to boost synergies with global academic institutions and space agencies, in order to strengthen human resources and enhance data sharing in the field.
Newly introduced legislation regulating the activities of companies in Oman will increase transparency and oversight, while also serving to encourage more local firms to list on the country’s stock exchange.