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: September 30, 2015
UAE. Study reveals insights about the lives of residents in the GCC; Safe place to live and work, possibility of making good friends and having a comfortable lifestyle are main attractions.
Posted: September 23, 2015
INTERNATIONAL. The region's modern day projection of a visionary cutting- edge, 21st century urban environment masks however the fact that some things have not changed.
Posted: September 21, 2015
UAE. Debt issuance by corporate and infrastructure companies has fallen by 58% in the past 12 months to about $7 billion. This also reflects S&P's view that the credit cycle has reached a potential tipping point, with higher pricing anticipated going forward.
Posted: September 15, 2015
UAE. Aon Hewitt's annual salary increase survey reports GCC faring better than most oil producing nations in the Middle East; Kuwait tops GCC chart with 5.2% projected increase, with Bahrain rounding out the list with a projected 4.7% increase.
Posted: September 4, 2015
OMAN. Omani high-performing entrepreneur Qais Al-Khonji has been named Social Entrepreneur of the Year Oman by leading global publication Business Worldwide Magazine.
Posted: September 3, 2015
UAE. UAE's GDP growth in 2015 should reach 3.9% thanks to more established diversification efforts; Despite lower oil prices, GCC must not discourage investment in alternative energy supplies.
Posted: August 18, 2015
UAE. GCC governments understands the urgent need for fiscal-sustainability in the long-term. This urgency, according to Deloitte's latest report, would be addressed if GCC governments could commit to the domestic implementation of a broad-based Value Added Tax on goods and services.
Posted: August 12, 2015
UAE. Transborder rail transport in the Arabian Peninsula dates back to the early 20th century and the Hejaz Railway which linked Damascus in Syria to Medina in Saudi Arabia; Over a century following its closure, the GCC is now embarking on one of the largest modern cross-border rail networks in the world.
Posted: August 11, 2015
OMAN. "The ratings reflect OIC's strong risk-adjusted capitalization, leading position within the United Arab Emirates, strong enterprise risk management and good operating performance."
Posted: August 11, 2015
OMAN. The airport's new network infrastructure will serve as the platform upon which all its internal and external telecommunications and other operational applications and services will run.
Posted: July 24, 2015
OMAN. In their report, S&P cited OIC's exceptional liquidity, satisfactory governance framework and market leadership presence in the UAE as some of the rationales for their rating
Posted: July 3, 2015
UAE. The Middle East real estate market is one of the fastest growing sectors in the world, with foreign developers injecting billions of dollars in residential, office/commercial, retail and hospitality segments.
Posted: June 24, 2015
UAE. The findings serve as a performance indicator on the pace and pattern of regional economic growth and seek to benchmark MEA against developed countries.
Posted: June 18, 2015
OMAN. Workshop titled "The Fundamentals of Success in Your Business" provides over 30 SMEs with a step-by-step roadmap to success.
Posted: June 9, 2015
UAE. After several years of stabilizing asset quality, declining credit losses, and improving returns, banks in the Gulf are navigating rougher waters, Standard & Poor's said in a report published today.
date:Posted: October 2, 2015
UAE. In times of economic uncertainty, cold-hearted international investors seek more diversification of their property portfolios. As London provides opportunity for property capital appreciation, reasonable prices and growing yields in Dubai make an equally attractive income generating opportunity.