Siliconindia

According to the World Bank, manufacturing added 14 percent to GDP across the Middle East and North Africa in 2018, up from 12.6 percent in 2016. The change in the Middle East region began in the early 20th century. Before 1950, countries of the Middle East were some of those which exhibited lowest level of socioeconomic as well as political development across the world. The discovery of oil reserves in the region changed the fate of the region. The vast oil reserves led the region to economic modernization and prosperity. The 1960s witnessed massive public investments in infrastructure, health and education,...Read More

Middle East is one of the world's fastest growing markets in the banking & capital markets sector. Financial services are inevitable for any country's development. An efficient and well regulated financial sector stimulates savings, improves capital allocation, and proves vital to helping produce and sustain high levels of economic growth. Even though it cannot save a country from instability, it helps to set the stage for sustained expansion. Financial inclusion is a key ingredient to reducing poverty and distributing economic growth. A strong finance system could support people through crisis and...Read More

The business services industry is a very broad industry encompassing many different categories of business operations, all of them provide some sort of nonfinancial service to other companies. These services include advertising, marketing, consultation, logistics (including travel and facilities services), waste handling, staffing services, shipping, administration, and security services. With the transformation of business with technology and digitization there are now many services being provided through web platforms and system, or mobile apps. Startups have sprung up across the world, with ideas and...Read More

Recent years have seen a trend towards the improvement of markets across the Middle East in a bid to attract and keep the foreign investment. The thought of economic diversification has additionally begun to unfold as several of the oil manufacturing nations become aware that revenue from oil will not last forever. Diversification has come in the shape of business, telecommunications, and IT solutions that have raised foreign investment potential for anyone doing business within the Middle East. The Middle East with a quick growing population of over 300 million, abundant natural resources, and governmental...Read More