LATEST ECONOMIC BRIEFINGS
MALAYSIA | 02.07.2009
Though Malaysia's economy has contracted at a faster rate than previously predicted in the opening months of the year, as the effects of the global recession take their toll, there are signs the worst could be over.
BRUNEI DARUSSALAM | 02.07.2009
One of the key pillars of Vision 2035, the long-term blueprint for the future of Brunei Darussalam, is to encourage investment in downstream industries as well as in economic clusters beyond the oil and gas industry To support this ambitious plan, the state is working to boost the country's transport system and thus allow a more effective transfer of raw materials and goods, while also developing the country as a cargo transit hub for the region.
KUWAIT | 02.07.2009
With massive oil and gas reserves, Kuwait is working on boosting production and upgrading its downstream capabilities. However, how to go about this is dividing opinion.
TURKEY | 02.07.2009
Turkey's economy is still dealing with the effects of the global recession, having seen export markets dry up and domestic demand weaken, though it has avoided a repeat of large-scale financial meltdowns of the past and is expected to return to growth in 2010.
EGYPT | 02.07.2009
With irrigation efforts moving slowly and imports beset by inconsistencies, Egypt has begun to follow its neighbours' lead into overseas farming. In particular, persistently high wheat prices, and the resulting social instability over the price of bread, have motivated the government to seek new sources for the staple. The so-called “land grab”, where rich but infertile nations head to poorer yet arable ones to secure food for their populations, while not unfamiliar, is now happening on an unprecedented scale. Egypt did not embrace the trend as quickly as some of its neighbours, but since the bread riots in spring 2008 the government has announced two such projects in the hopes of providing respite to the price shock of the past year.
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