The city of Duqm may offer a sneak peek into the future of economic opportunities in Oman. At one time a somewhat sleepy fishing town, Duqm aims to become the preeminent economic zone of not only Oman, but the entire Arabian Peninsula. Per Santander Financial, the Duqm Special Economic Zone alone attracted over $11 billion… Read More…
More than 206 million passengers flew to and from the Middle East in 2016, which represented a 9 percent increase from the year prior. This number is expected to rise significantly over the course of the next two decades, according to the International Air Transport Association (IATA). The organization estimates that the total market size… Read More…
Smartphones and other mobile devices have become increasingly ubiquitous in today’s society. Thus, it is important that network providers adapt to the changing telecommunications landscape by offering technology that will improve download speeds and allow for greater connectivity between devices. In recent years, 3G and 4G networks have proven capable of connecting people who are… Read More…
The Gulf Cooperation Council comprises six Middle Eastern countries and was established in 1981 to achieve political and cultural unity among the participating nations, which share a belief in Islam. While the countries—Saudi Arabia, Qatar, Bahrain, Oman, Kuwait, and the United Arab Emirates (UAE)—have political, economic, religious, and cultural ties, they will soon be further… Read More…
In addition to shifting its economy away from its reliance on oil, Saudi Arabia is implementing numerous rail transport projects. This will not only diversify its economy, but alleviate traffic congestion on its roads. The Saudi Landbridge Project will connect the capital, Riyadh, with Jeddah on the Red Sea coast. While it will primarily be… Read More…
As a result of oil prices rising following successive years of poor performance, several Middle Eastern countries are leveraging the increased revenue to invest in infrastructure projects with the potential to diversify their respective economies and shift away from a reliance on oil. The following are four recent infrastructure-related developments that will impact the economy… Read More…
In order to stimulate economic growth, the Middle Eastern country of Jordan is focused on infrastructure projects. Unrest in neighboring Iraq and Syria has significantly affected economic growth in Jordan, as the country’s debt has reached $40 billion, while it is also operating on a $700 million budget deficit. Moreover, Jordan’s debt-to-gross-domestic-product ratio is at… Read More…
The world is continually adapting to advancements in technology, and nowhere is this more evident than in the telecom sector. Prominent service providers are growing in size and scope and implementing new technology to appease existing customers and attract new ones. The following are four recent developments that are shaping the telecom industry in the… Read More…
The United Arab Emirates (UAE) has one of the healthiest economies in the world and, as a result, it has been able to invest heavily in its infrastructure sector. A recent study conducted by Agility, a prominent logistics firm, ranked the UAE as having the best quality of infrastructure in the entire Middle East and… Read More…
Starting a business or expanding an enterprise into underdeveloped countries can be difficult. However, there are several benefits to doing so. Language and cultural barriers may present challenges, but you’re more likely to grab a larger share of the market in an underdeveloped country than you are in developed countries like the United States, United… Read More…