Near-term sentiment is on the rise among Dubai’s business leaders, with the IMF forecasting a healthy GDP growth rate of 4.2% in 2019 for the emirate. While not as exposed as some of its regional neighbours to the effects of fluctuating commodities prices in recent times, Dubai nevertheless stands to benefit from the knock-on effects of higher prices over the last year.
Economic growth, coupled with the liberalisation of the sector in the 1990s, has led to the expansion of Morocco’s ICT sector, which is also underpinned by high penetration levels, as well as policies conducive to the development of related services and their incorporation into everyday business activities. Meanwhile, a focus on e-government and the digitisation of the economy – along with...
Underpinned by rising commodity prices and, consequently, increased domestic spending, Kuwait’s banking sector performed well in the 18 months to mid-2018. The industry posted net profit growth of 8.9% and total asset growth of 5.9% to $251.9bn in 2017, even as local banks moved to adhere to a raft of new provisioning rules. With the price of crude more than doubling from $28 per barrel in...
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