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: March 26, 2015
UAE. Deloitte Middle East conference addresses recent changes in regulation and tax; Developments such as the refurbished runway at Dubai, the mid-field terminal project at Abu Dhabi, the opening of Hamad international in Doha, showcase the commitment to the aviation sector.
Posted: March 23, 2015
UAE. Tank World Expo has assembled a host of global speakers to discuss this issue and many others representing facilities, terminals and ports .
Posted: March 17, 2015
UAE. Regardless of age and industry, the urge to learn is considerable in the Middle East and North Africa, according to a recent survey conducted by Bayt.com.
Posted: March 16, 2015
OMAN. SOHAR Port and Freezone see positives in China's economic forecasts; Breakbulk China 2015 to provide the platform for engaging with Asia-Pacific investors.
Posted: March 4, 2015
UAE. The strong fiscal positions of most GCC sovereigns curb the need for debt or sukuk issuance to meet financing needs for infrastructure projects or deficits.
Posted: March 2, 2015
INTERNATIONAL. Banks in Bahrain and Oman are vulnerable indirectly through the potential drop in investments and economic growth, and Nigeria is vulnerable directly through its banking system's significant overall exposure to the oil sector.
Posted: March 1, 2015
UAE. Residential (US$28bn), Commercial (US$11.46bn) and Education (US$7.13bn) were the leading sectors; Initial market indicators suggest sustained growth in 2015 with an estimated 21% increase in construction projects awarded across the GCC.
Posted: February 28, 2015
UAE. In S&P's view, the sharp drop in oil prices since mid-2014 is likely to lead to weakening economic, external, and fiscal profiles for the region, particularly for the GCC.
Posted: February 20, 2015
UAE. ATM kicks off its annual four- city regional roadshow in Muscat as key Omani stakeholders prepare to showcase latest tourism projects.
Posted: February 19, 2015
UAE. Sherpa Kids International - a company that runs before and after school clubs and holidays activities for primary school-aged children - is launching its wide-ranging programme of activities in the Middle East.
Posted: February 17, 2015
UAE. In 2015 the majority of businesses expect to increase salaries by a maximum of 5%; Working professionals believe their monthly salaries will jump by over 10% this year, according to the Hays GCC 2015 Salary & Employment report, just published.
Posted: February 11, 2015
OMAN. The decline in oil prices has a significant impact on the outlook for Oman's fiscal and external positions, given its high dependence on oil, according to S&P.
Posted: February 10, 2015
UAE. Rapidly growing populations and per capita incomes, rising life expectancies, a high incidence of lifestyle-related diseases, and ambitious medical infrastructure projects are driving health care industry growth in the Gulf Cooperation Council states, says new Deloitte healthcare report.
Posted: January 23, 2015
OMAN. In the next meeting of its popular Science Café series, the Oman Animal and Plant Genetic Resources Center (OAPGRC) will be diving into the topic of Oman's marine life, the threats it faces and its growing economic importance.
Posted: January 21, 2015
UAE. Strong growth momentum in GCC countries continues, economic recovery in oil importers is on track; Oil exporters diversified their economies, but still heavily dependent on hydrocarbon sector in terms of budget and export revenues; Oil importers face higher risks of geopolitical tensions.
date:Posted: July 29, 2015
UAE. "The proposed introduction of an Insolvency Law can only be a good thing, as it has the potential to strengthen business confidence and boost inward investment into the region."
date:Posted: July 29, 2015
UAE. Investment values in Egypt increased in 2014; UAE, Lebanon, Jordan and Morocco continue to be active in venture capital investments, according to the latest "MENA Private Equity & Venture Capital" report.
date:Posted: July 28, 2015
SAUDI ARABIA. Study by Glowork highlights women's perceptions before graduation, shows regional differences within the Kingdom, and the need to develop part time jobs and internship programs.