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: November 29, 2013
OMAN. Sultanate's economic growth seen at 3.5% for 2014; The government has earmarked tourism as one of the key sectors to drive its economic diversification strategy; Oil & gas revenues have peaked.
Posted: November 25, 2013
OMAN. Economic freedom is at the very heart of Oman's efforts to drive sustained prosperity, says Oman's PAIPED.
Posted: November 21, 2013
OMAN. The conference invites experts in the fields of economic freedom and market reform to join entrepreneurs and senior members of free market economic think tanks in the Arab world.
Posted: November 20, 2013
UAE. The UAE, Qatar and Saudi Arabia retain the top 3 positions in the overall tax ranking; Average Total Tax Rate for the Middle East is the lowest globally, scoring at 23.7%, well below the world average of 43.1.
Posted: November 19, 2013
UAE. Standard & Poor's report points out that the shale boom could impact the oil price in an extreme medium- to long-term extreme scenario.
Posted: November 13, 2013
UAE. Qatar, Jordan, Morocco and Egypt show significant potential; Government policy frameworks and regulation are the main challenges for renewable energy.
Posted: October 31, 2013
UAE. Dubai's overall average occupancy increased by 7.8% percentage points in August 2013 YoY, with a further increase in average daily rate (ADR) of 11.7%, resulting in a healthy increase in RevPAR of approximately 25.8%.
Posted: October 30, 2013
OMAN. Crescent Enterprises' Chief Executive addresses Owners Forum on role of entrepreneurship in tackling Arab youth unemployment crisis.
Posted: October 27, 2013
OMAN. Oman Telecommunications is the former incumbent fixed-line operator and leading mobile telecoms provider in Oman; Outlook stable.
Posted: October 25, 2013
OMAN. MEED Oman Projects Forum 2013 opens at the Grand Hyatt Muscat on 28 October;A total of 50 speakers will address the event which will be attended by 200 delegates.
Posted: October 23, 2013
UAE. Despite rapid economic growth over the past decade, the unemployment rate of nationals in the GCC States currently ranges between 6%-14% and is even higher among the youth population. This article discusses the recent developments in unemployment benefits in the GCC.
Posted: October 14, 2013
OMAN. Investment will enable Oman Oil Company to become a vertically integrated global chemical leader.
Posted: October 10, 2013
UAE. MENA IPO value down 45.3% compared to Q3 2012; Only IPO in MENA took place in Oman by Sembcorp Salalah Power and Water Company, finds EY IPO report.
Posted: October 8, 2013
UAE. Of those who choose to be employees, 54% would prefer to work in the private sector, finds survey, recently conducted by Bayt.com and YouGov.
Posted: October 5, 2013
SAUDI ARABIA. IMF Deputy MD Nemat Shafik highlights the strong macroeconomic performance of GCC countries and encourages further reforms.
date:Posted: March 4, 2014
UAE. Healthcare delivery the Middle East dominated by public sector; Growing and aging population coupled with increasing total healthcare expenditures per capita boosting industry growth.