Oman is responding to falling oil prices with a plan to shift its economic focus to alternative revenue streams, not least its thriving tourism industry, as Natasha Turak discovers at the 2016 Economic Forum.
From
Locations
/ Middle East & Africa
China's Tencent targets Africa with WeChat mobile wallet in tie up with Standard Bank
Chinese technology giant Tencent has tied up with South African bank Standard Bank to use its infrastructure to create pan-African mobile payment service available through WeChat Wallet.
From
Locations
/ Middle East & Africa
/ Iran
Iran’s legislative elections bode well for economic reforms
Iran hopes re-election mandate given to moderate leader Hassan Rouhani underpins the faith of foreign investors, but more reforms are needed to persuade international business observers.
From
Locations
/ Middle East & Africa
/ Egypt
Unwto confident of recovery in Egypt’s tourism sector
Egypt's tourism sector is on track to recover following a series of setbacks in 2015, according to the UN World Tourism Organisation's secretary-general.
From
Locations
/ Middle East & Africa
North Africa fails to regain lost ground in 2015
While project numbers are increasing in north Africa, they are increasing more quickly in the rest of the continent.
From
Locations
/ Middle East & Africa
View from the Middle East and Africa: the great tourist search
Tourism is one of the sectors Middle Eastern and African governments are looking to to diversify their economies in the wake of the huge drop in oil prices. However, overcoming the region's global reputation for instability and crime is a challenge for many countries.
From
Locations
/ Middle East & Africa
Can Africa build the ICT infrastructure it needs to fulfil its potential?
Africa's vast market and young population present a huge opportunity for investors, but its poor ICT infrastructure is one factor holding the continent back. A flurry of new projects are helping to resolve this issue – by improving Africa's connectivity and helping to train its youth – but is progress being made quickly enough?
From
Locations
/ Middle East & Africa
North Africa retains its fizz for Coca-Cola
Egypt is not a market for the faint-hearted, but to Coca-Cola it was worth investing $500m to tap into a market of 90 million consumers. And with north African governments becoming more business friendly, the US drinks giant's president of the Middle East and north Africa, Curtis Ferguson, is seeing steady growth for his brand in the region.
From
Locations
/ Middle East & Africa
/ UAE
How life sciences are delivering on diversifying Dubai's economy
Having set its sights on economic diversification, Dubai has rapidly established itself as a Middle Eastern hub for R&D, with a particular focus on life sciences.
From
Locations
/ Middle East & Africa
/ Iran
Iran opens up to foreign investors
The lifting of economic sanctions on Iran in January has opened the floodgates for potential investors to seek opportunities in the country.
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