19th June, 2013, 01:50
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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: June 3, 2013
KUWAIT. Backlog rises 2.0%QoQ in 1Q13; Order receipts/new awards plummet 55.9%QoQ in 1Q13; Gross margins improve to 11.4% in 1Q13 from 9.2% in 4Q12.
Posted: June 2, 2013
KUWAIT. Markets continued to maintain uptrend; Government support & improved market sentiment to boost the sector, according to Global Investment House 1Q13 real estate report.
Posted: May 31, 2013
UAE. The session provided a strategic overview of the employment and workforce management aspects of operating in each of the six GCC countries and the basic resources needed to face the challenge of adhering to varying labour laws in each of the GCC countries.
Posted: May 29, 2013
OMAN. "We must create an environment that turns our young job seekers into job creators," said Dr. salem Al Ismaily, chaiman of PAIPED, in a speech at the World Economic Forum on the Middle East and North Africa.
Posted: May 27, 2013
UAE. Only 3% state a high level of satisfaction with their current remuneration; 21% expect a raise of more than 15% in 2013, according to Bayt.com and YouGov Salary survey.
Posted: May 25, 2013
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
Posted: May 21, 2013
INTERNATIONAL. The discussions on Syria come as Barack Obama is under increasing pressure from some U.S. lawmakers to do more to bring down Bashar al-Assad.
Posted: May 20, 2013
OMAN. "The Middle East and specifically the Gulf States are in a prime position to benefit from the current trends with energy intensive economies naturally turning towards the East while oil prices continue to rise and public expenditure reaching unprecedented levels."
Posted: May 16, 2013
OMAN. The Public Authority for Investment Promotion and Export Development (PAIPED) spearheaded the Sultanate of Oman's recent trade delegation to the 8th World Chambers Congress in Doha.
Posted: May 14, 2013
OMAN. Recent research has shown that revenues and occupancy for four and five star hotels increased significantly in 2012, driven by Omani rather than foreign guests.
Posted: May 13, 2013
UAE. Banking system is sound and has fully recovered from the spillovers of the global financial crisis; Gross foreign assets to exceed US$2.5 trillion by end-2013, reinforcing economic resilience if oil prices drop.
Posted: April 21, 2013
UAE. Middle East banks showing increasing confidence in expansion beyond domestic markets; High oil prices have helped banks in some parts of the Middle East to maintain high levels of liquidity.
Posted: April 17, 2013
UAE. Customer centricity must cascade down to every employee for businesses to offer services on par with global standards.
Posted: April 15, 2013
UAE. The year's list of global billionaires has been published by Forbes Middle East, featuring some of the wealthiest Arabs on the planet.
Posted: April 15, 2013
OMAN. Oman, Saudi Arabia and UAE in race for MEED's Lafarge Sustainable Project of the Year award.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: June 18, 2013
INTERNATIONAL. Global emerging market equity allocations at lowest since 2008; A net 56% of global investors believe the world economy will strengthen over the coming year, up from a net 48% in May.
date:Posted: June 18, 2013
UAE. Atiq ur Rehman, CEO Citi - Middle East division - discussed the appeal of Dubai and its competitiveness as a global city, during a speech to over 100 graduating Executive MBA students and alumni at London Business School's "Spring Celebration Event".
date:Posted: June 18, 2013
INTERNATIONAL. Little substantive change will occur beyond more careful rhetoric regarding both Iran's nuclear program and Tehran's support for the embattled Syrian regime. While challenges to both Iran's domestic policy realignment and outreach to the US thus remain, Western and regional hopes for such change endure.
UAE. Atiq ur Rehman, CEO Citi - Middle East division - discussed the appeal of Dubai and its competitiveness as a global city, during a speech to over 100 graduating Executive MBA students and alumni at London Business School's "Spring Celebration Event".
INTERNATIONAL. In this exclusive interview, Chris Faulkner, CEO of Breitling Energy Companies discusses how Bakken has turned the US into an economic powerhouse and how the US can compete with Saudi Arabia.
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