UAE. The Islamic finance industry is pegged to grow at 15%-20% per year. 63% of Islamic finance institutions are in the Middle East, controlling more than 50% of Islamic banking assets.
These statistics were discussed at the recently concluded first ever Oman Islamic Banking Conference.
“Oman’s move to Islamic finance comes at just the right time as ethical finance gains a foothold around the world. The speakers illuminated a number of key aspects of the industry and question time after each presentation was lively as delegates delved deeper into the topic. We are proud to be supporting
Posted: June 22, 2016
OMAN. The UAE-based global marine solutions provider has successfully supported Oman Oil Company Exploration & Production LLC's (OOCEP) first shipment of crude oil from the Musandam gas plant (MGP).
Posted: May 24, 2016
OMAN. "Businesses in Oman and across the region will need to focus on developing a holistic VAT strategy to manage the associated costs and demands on internal resources."
Posted: May 11, 2016
INTERNATIONAL. Downgrades more than double upgrades; Saudi Arabia and Oman were downgraded in Q1.
Posted: May 3, 2016
OMAN. Be'ah, Oman Environmental Services Holding Company, awards contract to Veolia and Omani partner Al Ramooz National.
Posted: April 28, 2016
OMAN. With two Autoclave lines for medical waste treatment having a capacity of 150 kg/hr and 200 kg/hr, the daily treatment capacity is expected to double.
Posted: April 14, 2016
OMAN. Offering full spectrum of telecommunication solutions in Oman, Omantel is the first SIGFOX network operator in the Middle East.
Posted: April 13, 2016
OMAN.OSC's new fortnightly Oman Express Service will be the first freight feeder operator to connect all Omani ports.
Posted: April 12, 2016
OMAN. Event organised as a family-friendly event, with games and activities for children to learn about the environment and the importance of energy saving.
Posted: March 23, 2016
UAE. GCC integration could boost the economy by US$36 billion; strongest gains in the UAE, Saudi Arabia, Bahrain and Oman; Three key areas of change needed: remove barriers to trade, increase foreign investment, develop GCC institutions.
Posted: March 15, 2016
UAE. According to a new report by the World Economic Forum (WEF), written in collaboration with The Boston Consulting Group (BCG), since 2010, approximately 3,200 education companies around the world have received private ed-tech investments - however, only a mere 12 were based in the Middle East.
Posted: March 15, 2016
OMAN. Oman's inward investment and export development agency held its first Export Club meeting; Exporting is Good for Omani Jobs.
Posted: March 7, 2016
OMAN. A key challenge facing would-be Omani exporters is the scarcity of reliable trade intelligence on developed and emerging markets.
Posted: February 26, 2016
OMAN. The decline in oil prices will have a significant impact on Oman's economic and fiscal indicators given its high dependence on oil. S&P now forecast that GDP per capita will fall to US$14,600 in 2016
Posted: February 10, 2016
UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
Posted: February 9, 2016
UAE. The YPO Global Pulse Confidence Index for the Middle East and North Africa declined for the fifth consecutive quarter, falling nearly one point to 56.4, below the global confidence level of 58.0; Economic confidence in the UAE fell 7.2 points to 50.3, its lowest score in the six-year history of the index.
date:Posted: June 22, 2016
UAE. A new generation of young, highly motivated and mostly well-educated men and women is ready to take over leadership of their family businesses, according to new Deloitte report.