Coinciding with a visit from US President Donald Trump, the inaugural Saudi-US CEO Forum on May 20 in Riyadh saw a series of deals signed between numerous companies in both the oil and non-oil sectors, with Saudi Arabia looking to enhance private sector involvement in its economy and increase foreign investment as part of its Vision 2030 economic blueprint.
A reliable regulatory framework, abundant regional capital and good support infrastructure helped Bahrain deliver solid growth for its asset management sector last year.
Kuwait has maintained the tempo of its infrastructure development drive, despite a challenging economic climate that resulted in a second consecutive budget deficit in the previous fiscal year ending March 31.
While international arrivals remain a mainstay of South Africa’s tourism sector, a revision to the national tourism strategy is looking to stoke growth in the domestic travel industry.
Lower inflation figures and higher growth forecasts in Ghana are raising the prospects for a stronger economic recovery over the coming year, prompting the government to reiterate its commitment to deficit reduction targets – although much work remains to be done.
The licensing of a new state-owned SME bank in Nigeria should address a longstanding key obstacle to broad-based growth in Africa’s largest economy.
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