All Countries and All Sectors

With interest rates still low and consumer demand strong, the Philippines real estate sector is off to a good start this year. However, continued delays in implementing the legal framework for real estate investment trusts (REITs) may slow momentum in the property market.

Nigeria’s efforts towards improving the safety of its aviation sector, in the wake of a disastrous 2005 and 2006, have finally begun to pay dividends, as international recognition of the regulatory upgrades paves the way for greater efficiency and an improved business climate for the country’s domestic airlines. However, a concomitant proliferation of fees and charges has sparked an outcry from carriers who are continuing to grapple with an extremely competitive marketplace.

The Gulf Cooperation Council’s (GCC) warm reception of Jordan’s membership application to join the wealthy six-member bloc could have a positive impact on the kingdom’s economy.

Iraq and Kuwait appear to be laying the foundations to rekindle economic relations, with businesspeople and political leaders from both countries recently meeting to discuss opportunities for bilateral trade and investment.

To help offset a rising budget deficit – amid falling foreign investment resulting from recent political upheaval – Egypt is looking for international funding. The economic effects of events of early 2011, though predictable, have prompted some short-term concerns over public financing.

In an effort to develop local businesses and provide more job opportunities, the Omani government is actively supporting new initiatives to promote domestically manufactured products.