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Rising demand for electricity has prompted Kuwait to sign three multi-billion-dollar deals aimed at significantly boosting the country’s gas imports.
Authorities in Myanmar are determined to foster economic progress and have placed financial inclusion on their list of priorities. In an attempt to tackle demand for increased financial services, Myanmar has taken numerous steps in the past 24 months, such as the adoption of a floating currency, liberalisation of the insurance industry and the independence of the Central Bank of Myanmar (CBM). Following these adjustments, 2014 is set to see the CBM grant operating licences to foreign banks, while 2015 has been set as the target date for the establishment of the Yangon Stock Exchange.
The deep pre-Khuff formation off Qatar’s coast has become the focus of major test drilling and survey work, as energy firms step up their gas exploration efforts.
Egypt’s banking sector, which was impacted by the instability of the past few years, is beginning to see increased momentum, with the formal launch of an Emirati-owned bank and modest upgrades in credit ratings for a pair of key players.
A two-pronged drive to tackle the rise of lifestyle diseases in Oman and broaden the range of medical facilities available locally has put the country’s health care services on course for rapid growth.
A new licence system governing Egypt’s fiercely competitive telecoms sector is expected to be rolled out within weeks, paving the way for mobile and fixed-line operators to vie for each other’s business.

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