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
UAE This article provides an updated summary of the key employment law developments across the GCC;
A new Government body known as the Manpower Authority is being created in Kuwait to take over certain functions of the Ministry of Social Affairs and Labour.
OMAN. Organized by OAPGRC in partnership with Dhofar University and the Indian Ocean Rim Association's Regional Centre for Science and Technology Transfer, the Salalah Declaration aims to enhance regional medicinal plant co-operation through high-profile events and annual joint activities.
UAE. New UAE debt issuance and Omani power IPOs' bode well for future pipeline; Saudi consumer and petrochemicals equities continue to offer value; Equity and credit markets propped up by easy ECB money.
INTERNATIONAL. U.S. Secretary of State John Kerry pressed regional proxies to nail down a Gaza ceasefire as the civilian death toll soared, threatening to spread Israeli-Palestinian bloodshed to the occupied West Bank and Jerusalem.