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Oman

FEATURED REPORT...
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 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.
Posted: September 8, 2014
SAUDI ARABIA. Hydrocarbon revenues in KSA and Kuwait make up to 90% plus of total revenues; Leading GCC economies remain susceptible to fluctuations in global energy prices, according to Alkhabeer Capital latest report.
Posted: September 5, 2014
OMAN. Announces Phase 2 of the mall's ongoing redevelopment; More than 10,000sqm -60 new shopping and dining concepts including debut flagship stores; Development to begin late-2014 for a 2015 completion date.
Posted: September 3, 2014
OMAN. Although still classified as one of 24 economies in transition from Efficiency-driven to Innovation driven, Oman witnessed an overall improvement in key competitiveness indices.
Posted: August 30, 2014
OMAN. End of August 2014 deadline to move majority of commercial activities will result in win-win situation for Muscat and Sohar.
Posted: August 26, 2014
UAE. Paperless offices are popular, with 50% of respondents saying that they are encouraged to use email or online resources instead of printing out documents.
Posted: August 20, 2014
UAE. "Bringing in institutional funds is a key part of the board's strategic capital markets plan," Samir Fancy, Topaz's chairman, said in a statement.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 22, 2014
UAE. HSBC global expat survey highlights job prospects, better salaries, higher personal security as primary factors attracting expats to the country.
date:Posted: October 22, 2014
UAE. The total number of IPOs in Q3 2014 was lower than the previous quarter where we saw seven offerings. However, the total value in Q3 2014 was US$ 1.6 billion, which is a 78% increase in total value compared to Q2 2014.
date:Posted: October 22, 2014
INTERNATIONAL. The problem with an export-based economy is that the exporter is the hostage of its customers. Germany's and China's well-being depend not only on how they manage their economies, but on how their customers manage their own economies.
INTERNATIONAL. Bitcoin has followed a volatile path to growing acceptance since its creation in 2009; In this interview finance expert Arturo Bris analyses the risks associated with bitcoin.
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