Though 2009 has not been easy for Kuwait, with many of the country’s leading sectors experiencing a downturn, the country appears to have weathered the worst of the global crisis and can ring in the new year on a positive note.
While Kuwait’s economy expanded by 5.9% in 2008, the situation is expected to [...]
Despite having to contend with local and international challenges, Senegal has ended 2009 on a good note, with the economy expanding and groundwork being laid for growth in the coming year.
While the global financial crisis has had an impact on the economy, the country is expected to close out the year [...]
In recent years Emirati investors have played a key role in the development of Algeria’s economy. Encouraged by the country’s increasingly welcoming attitude towards foreign investment, UAE-based companies have channeled investment and resources into a variety of economic sectors.
The visit to Algeria in May of this year by Sultan bin Saeed Al [...]
The international community has lauded Tunisia’s resilience and ability to preserve economic growth during times of global economic uncertainty. But in order to better distribute the benefits of a stable growth pattern, the country will have to enhance private sector investment to improve job creation.
The country’s financial sector was not exposed to [...]
Bank of America’s tail-risk warning may indeed be precisely the impetus needed for another Abu Dhabi (the emirate of last resort?) -financed bailout.
Though there is some question as to whether the technical defaults of two state-owned firms–Dubai World, an investment firm, and Nakheel, a real-estate subsidiary of Dubai World–necessarily imply the defacto [...]
Despite the IMF’s recent projection that Botswana’s economy will contract 10.3% this year, the lender expects a 4.1% uptick next year such that emergency funding would not be required.
Back in June the country tapped a $1.5bn “budget support loan” from the African Development Bank–the largest such facility ever granted by the Bank–in [...]
The Egyptian government has long been chipping away at the country’s shortage of affordable housing, but its recent expansion of mortgage financing may be its most innovate idea yet.
While construction programmes remain an essential piece of the plans, the state-owned National Bank of Egypt (NBE)’s new fund will capitalise on an underdeveloped segment, benefitting [...]
Abu Dhabi’s tourism sector is buoyant following the inaugural Abu Dhabi Formula 1 (F1) Grand Prix, which marked a milestone in the emirate’s development, promoted the capital internationally and gave its hospitality sector a welcome fillip.
“Motorsport enthusiasts may have seen the race as simply the close to another season. To the emirate, however, the [...]
The International Monetary Fund has forecast Kenya’s economy to improve gradually, saying it will grow by 2.7% this year.
A statement issued in Nairobi following the conclusion of a two-week visit to the East African nation said that economic performance is expected to improve gradually to 4% in 2010 and then growth rates [...]
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