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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: January 20, 2015
OMAN. The government's announcement to investigate the possible introduction of a tram service across Muscat is the first sign of a long awaited public transportation infrastructure plan.
Posted: January 20, 2015
UAE. 61% feel they deserve to work in a higher level position, and 50% state that a key reason for seeking employment is to be financially independent.
Posted: January 15, 2015
UAE. In the GCC, the UAE, Qatar and Oman saw increases in ranking from 2013 to 2014. The UAE (77) increased from 56th to 55th position, Qatar (75) increased from 57th to 56th position, and Oman (66) increased from 65th to 64th position.
Posted: January 5, 2015
OMAN. Muriya, Oman's leading tourism development company, recently opened a floating fuel station at Jebel Sifah designed to provide a refuelling location for boats and yachts.
Posted: December 16, 2014
OMAN. With oil prices at a five-year low, Oman's budget, in line with that of other major oil producers in the region, looks set to be tipped into the red next year for the first time since 2009.
Posted: December 16, 2014
UAE. 49% believe women and men are treated equally in the workplace, according to "Status of Working Women in the Middle East" survey by Bayt.com and YouGov.
Posted: December 11, 2014
UAE. Dubai stocks dropped the most since October 2008 and equity markets across the oil-producing Gulf Cooperation Council tumbled after OPEC reduced its estimate for crude demand in 2015.
Posted: December 10, 2014
UAE. 'BBB+/A-2' ratings affirmed; The rating action follows the revision of S&P's outlook on the Sultanate of Oman to negative on Dec. 5, 2014.
Posted: December 8, 2014
UAE. Opportunities in Saudi Arabia starting to align with improving sentiment around ease of doing business; Increasing confidence in the Omani market; Transport remains strongest sector for construction opportunities.
Posted: December 6, 2014
INTERNATIONAL. The ratings agency affirmed the strong "AA-/A-1+" credit ratings for Riyadh over the "strong external and fiscal positions" it has built up in the past decade when oil prices were too high.
Posted: December 4, 2014
BAHRAIN. Thomson Reuters announces 2015 findings of Annual Sukuk Perceptions and Forecast Report at WIBC 2014; Survey of 44 lead arrangers and 106 investors reveal most expect a boost in sukuk issuance in 2015, to be between US$150 billion and US$174.9 billion.
Posted: December 2, 2014
UAE. Falling oil prices will pose significant challenges to GCC markets, according to a new report by ICAEW. The latest Economic Insight report warns the impact of continued oil price weakness could put considerable pressure on GCC economies and affect real GDP growth, unless they step up diversification efforts.
Posted: December 1, 2014
UAE. Region's future growth hinges on success of US$2.7 trillion worth of projects.
Posted: November 25, 2014
UAE. Ericsson's 2014 Networked Society City Index ranks cities by ICT maturity; Abu Dhabi, Dubai, and Muscat are amongst nine cities that have been added to the 2014 edition.
Posted: November 25, 2014
OMAN. The report showed that Oman has improved its "access to sound money" while also recording an increase in the "regulation of business, credit and labor".

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: March 30, 2015
SAUDI ARABIA. Jamil Ghanawi, Head of JLL Saudi Arabia highlights the proposal aiming to help ease the current shortage of affordable homes and spur economic growth.
date:Posted: March 30, 2015
UAE. Boston Consulting Group study shows positive market development raising levels for all; Middle East banking revenues reach double-digit rates in 2014 with a 10% increase, while profits rose by 14.7%.
date:Posted: March 30, 2015
INTERNATIONAL. Saxo Bank has published its Q2 outlook warning investors of the end to the current cycle of "extend and pretend" as the planned economy model of the past eight years comes to breaking point.
UAE. Boston Consulting Group study shows positive market development raising levels for all; Middle East banking revenues reach double-digit rates in 2014 with a 10% increase, while profits rose by 14.7%.
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