The economies of the Middle East are coping with lower oil prices and the resulting austerity measures. The downturn impacted many small and medium enterprises, along with multinational corporations serving the oil industry.
Logistics Company Expands in Bahrain
Global logistics provider Agility is investing $10 million to expand its regional logistics hub in Bahrain to 28,000 square meters, its storage capacity by an additional 19,000 pallet positions, and its workforce by almost 25%.