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Posted: 25-07-2011
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: October 29, 2014
OMAN. "OCF14 is not about theory, it is about real life issues. Issues that impact each and every one of us. In my view, innovation is not about new or complex ideas, products or services. It is about crafting something that works better, leads to better results and creates a better pathway forward."
Posted: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
Posted: October 28, 2014
UAE. PwC commissioned a survey of more than 500 retail banking customers in the GCC, to find out what customers really want.
Posted: October 27, 2014
UAE. In the IMF scenario, Saudi Arabia, Oman and Bahrain risk running a budget deficit next year if their spending plans don't change to cope with declining crude prices.
Posted: October 27, 2014
UAE. Major road, bridge and railway projects are already underway, or in the planning phase, in Dubai, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain.
Posted: October 22, 2014
UAE. Saudi Arabia had the largest rail project pipeline in the region with over US$100bn, including the Riyadh Dammam High-Speed Rail, which is currently under study, along with the Eastern Province Municipality - Dammam Metro.
Posted: October 22, 2014
UAE. Located in the Dhofar Governorate of the Sultanate of Oman, the US$125 million, 50-megawatt project will generate enough clean energy to power 16,000 homes.
Posted: October 2, 2014
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
Posted: September 30, 2014
UAE. Bayt.com survey reveals that 78% consider meetings to be great for decision-making; Meetings in MENA workplaces often have agendas distributed in advance, according to 80% of respondents, and tend to start on scheduled time (according to 88%).
Posted: September 24, 2014
OMAN. High street retail space in Muscat approaches 100% occupancy; Monthly warehouse rents between OMR2-OMR4 per sqm; Monthly office rents between OMR4-OMR8.
Posted: September 23, 2014
UAE. "On the whole, the outlook for the region is a good one;" 35% of respondents claim job opportunities will increase; Concerns about rising cost of living.
Posted: September 22, 2014
OMAN. The Oman Animal & Plant Genetic Resources Center (OAPGRC) will host its monthly Science Café on 24th September 2014.
Posted: September 21, 2014
OMAN. Orascom Development Holding unit had a loss of OMR19.8 million in the comparable period; Positive performance will allow for further investment in the development of Muriya's two destinations of Jebel Sifah and Salalah Beach.
Posted: September 9, 2014
UAE. Takaful industry globally expected to reach US$20 billion by 2017; Saudi Arabia accounts for 77% of GCC takaful contribution and almost half of global takaful contribution.
Posted: September 9, 2014
EGYPT. US Secretary of State John Kerry will meet Arab foreign ministers in Saudi Arabia Wednesday as he bids for a broad coalition against the Islamic State.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 31, 2014
INTERNATIONAL. In his latest interview with The Gold Report, the 321gold.com founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves.
date:Posted: October 31, 2014
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
date:Posted: October 30, 2014
UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
INTERNATIONAL. In his latest interview with The Gold Report, the 321gold.com founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves.
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