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: February 25, 2013
UAE. 43% of respondents report an increase in business travel budgets during 2012; KSA and UAE most popular business travel destinations among respondents in 2012; 29% of business travelers surveyed flew in a premium class in 2012.
Posted: February 24, 2013
UAE. The majority of employees stay no longer than five years in a job; Multinationals seen as having highest retention rates; 60.2% state that retention today is lower than in previous generations.
Posted: February 20, 2013
BAHRAIN. Optimistic outlook for GCC equities forms the basis of a report from Bahrain-based regional investment bank, Securities & Investment Company (SICO).
Posted: February 19, 2013
UAE. Swiss structured cabling specialist is already working closely with Telcos in Saudi Arabia, UAE and Oman on large scale FTTH deployments.
Posted: February 17, 2013
UAE. 30% of MENA employers are "definitely hiring", an additional 27% say they are "probably hiring"; In the UAE, 35% of the companies are "definitely hiring" in the next three months.
Posted: February 12, 2013
UAE. With a focus on dividends, VTB applies a set of quantitative metrics to arrive at its top 15 stocks across the MENA universe to play a dividend opportunity theme.
Posted: February 11, 2013
INTERNATIONAL. "Weaknesses include the quality of policy debate; the strength and depth of institutions; transparency of decision-making; data monitoring and reliability of information; legal frameworks and the rule of law; and succession risks."
Posted: February 3, 2013
UAE. Business confidence decreased in Q4 across all countries in the GCC, with the largest drop in Saudi Arabia (-6.86 points) and Bahrain (-6.72 points). Overall business confidence remained the most stable in the UAE.
Posted: January 28, 2013
INTERNATIONAL. Most markets in the Middle East and North Africa region post an increase in RevPAR in 2012, driven mainly by better demand according to MKG Hospitality.
Posted: January 23, 2013
UAE. Saudi Arabia tops the list while Iraq registers 354% growth; Exports to Qatar and Oman expanded at higher rates of 26% and 35% respectively.
Posted: January 15, 2013
UAE. Despite many MENA nations' commendable efforts so far, the supply of affordable housing is falling far short of demand, and demand is rising.
Posted: January 8, 2013
UAE. 38% of UAE respondents claim to receive very little or no company support towards achieving a healthy balance, according to Bayt.com and YouGov survey.
Posted: December 11, 2012
UAE. In order to successfully enter a "Diamond Age" of banking, policy makers as well as bank managements must be prepared to address issues of the past and to build a new stage for GCC banks, says the study.
Posted: December 10, 2012
UAE. Alpen Capital has published its Retail Industry report which provides a perspective of the overall industry, major market characteristics, and future trends. The report presents an outlook based on demand-side and supply-side approaches.
Posted: December 4, 2012
OMAN. S&P cited the progress made by OIC in reducing its exposure to high risk assets beyond S&P's expectations.
date:Posted: May 18, 2013
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."
date:Posted: May 17, 2013
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.