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 11, 2016
UAE. The Middle Eastern property market is on the up, at least in some areas, so this represents a great investment opportunity for savvy property developers looking to make long-term gains.
Posted: October 8, 2016
INTERNATIONAL. The impact of having to write provisions up front will not be that significant because GCC banks are already used to booking general reserves when they extend new loans.
Posted: September 30, 2016
OMAN. However, The Boston Consulting Group study shows that the nation's performance in converting wealth into well-being is below par globally.
Posted: September 19, 2016
OMAN. The scope of work will see Add Energy provide the plant with equipment specific maintenance strategies and procedures, which will enable maintenance execution and planning to be optimised.
Posted: September 16, 2016
UAE. Dubai the most sustainable city in the Middle East, although no GCC city finishes in top half; Study indicates significant disparities across region and all cities struggle with environmental issues.
Posted: August 31, 2016
UAE. In his new role, Shukri will lead the Cisco's business in the UAE, Oman, Pakistan, Afghanistan and Yemen and work closely with partners to support private and public sector customers in their efforts to digitize their operations.
Posted: August 28, 2016
UAE. Entrepreneurs cite personal fulfillment, freedom to choose a work-life balance and the ability to be their own boss, according to Bayt.com and YouGov report.
Posted: August 23, 2016
UAE. InterContinental Hotels & Resorts' guide provides suggestions, tips and advice on how to plan the perfect vacation to celebrate special occasions.
Posted: August 18, 2016
UAE. The e-commerce site will also allow bebe to communicate and engage with customers in unique interactive ways
Posted: August 3, 2016
UAE. Oil prices and global economic volatility, regional political unrest as well as the recent UK vote on the referendum to leave the EU, "Brexit", continued to bring uncertainty to GCC markets.
Posted: August 1, 2016
UAE. "This will be a significant addition of 7,000 more schools than the current number to address the burgeoning school student population across the region."
Posted: July 15, 2016
OMAN. The core idea aims to bridge the gap at the national and domestic job markets through building connections between job searchers and labor market requirements of qualified manpower.
Posted: June 28, 2016
OMAN. Private wealth held by upper high-net-worth households in Oman is projected to increase by a healthy 8.8% over the next five years.
Posted: June 27, 2016
UAE. 15 active projects are adding value to local communities and the tourism economy in the UAE, Oman, Saudi Arabia, Egypt and India.
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).
date:Posted: October 23, 2016
INTERNATIONAL. As the operation to retake Mosul from ISIL continues, civilians are fleeing from the city by the hundreds, further stressing the already tenuous humanitarian situation in northern Iraq.
date:Posted: October 22, 2016
LEBANON. Byblos Bank/AUB Consumer Confidence Index averaged 36.4 in Q3, nearly unchanged from 36.1 in Q2; The prevailing status-quo on the political and economic fronts in the country has caused the level of consumer confidence to remain at low levels.