The introduction of a goods and services tax, coupled with cost-cutting measures and a proposed multibillion-dollar loan, is expected to help Bahrain improve its fiscal position and reduce national debt.
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Economic update | Sugar refinery and processing plants to boost Oman’s agricultural sufficiency
24 Oct 2018
Oman has moved forward with plans to develop the country’s first sugar refinery, part of a strategy aimed at improving domestic food security through agricultural processing.
Economic update | Indonesia boosts domestic palm oil consumption as currency pressures mount
18 Oct 2018
Regulations mandating the use of palm oil in diesel fuel could help ease Indonesia’s dependence on energy imports and stabilise the local currency, while improving prospects for local palm oil producers.
Economic update | Control of Philippines’ Wholesale Electricity Spot Market moves to independent operator
18 Oct 2018
The Philippines’ electricity market has undergone major reform, with the Wholesale Electricity Spot Market (WESM) passing from state control to a newly formed independent body.
Economic update | Competitiveness and business environment see Dubai climb global financial rankings
18 Oct 2018
Dubai has improved its standing as one of the world’s top financial hubs and reinforced its position as a key regional centre for banking services, according to a recent survey on the global finance industry.
New bids for oil and gas exploration and development rights on a series of blocks, along with reforms to joint-venture requirements, are expected to stoke renewed interest in Myanmar’s energy sector and boost investment inflows.