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 21, 2015
OMAN. S&P affirms short-term rating at 'A-2'; Ratings agency projects that a period of sustained low oil prices will impair Oman's fiscal and external balances more than it had previously expected; Oman's trend growth in real per capita GDP will remain materially below that of peers.
Posted: November 18, 2015
OMAN. Key influencers hosted at event highlighting how the audit environment is set to change in Oman to meet the evolving needs of the economy and further promote Omanisation and better understanding of global trends.
Posted: November 11, 2015
OMAN. Rents for higher quality residential stock holding steady; Rising level of poorer quality stocks caused rents to dip by 4.7% in Q3; Office market remains steady amid undertone of nervousness.
Posted: October 29, 2015
OMAN. PPP to be introduced in housing, health, logistics and wastewater.
Posted: October 28, 2015
OMAN. Oman Projects Forum to focus on sharing critical updates into US$140.6bn projects pipeline; Invaluable insights to help interested stakeholders to effectively penetrate and increase market share in Oman.
Posted: October 16, 2015
OMAN. "When business and universities work in tandem to push the frontiers of knowledge, they become a powerful force for innovation and economic growth."
Posted: October 13, 2015
OMAN. Build-to-suit lease transactions will have an increasing appeal to both developers and occupiers in the Sultanate, particularly as the logistics and industrial sectors continue to expand and mature.
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.
date:Posted: February 13, 2016
KUWAIT. Kuwait has built up very large fiscal and external net asset positions over many years, which will continue to help it weather the current low oil price environment; The overall fiscal and external balance sheets will remain strong, backed by a significant stock of financial assets.
date:Posted: February 12, 2016
INTERNATIONAL. A Syria in which the regime and IS, rather than other rebel groups, are the only real domestic players turns Bashar al-Assad into a pivotal cog in the fight against jihadism. That is something Saudi Arabia cannot allow to happen. To turn the tide, it needs a United States that is engaged and willing to do its bit.