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Posted: 25-07-2011
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: 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.
Posted: January 20, 2015
OMAN. The government's announcement to investigate the possible introduction of a tram service across Muscat is the first sign of a long awaited public transportation infrastructure plan.
Posted: January 20, 2015
UAE. 61% feel they deserve to work in a higher level position, and 50% state that a key reason for seeking employment is to be financially independent.
Posted: January 15, 2015
UAE. In the GCC, the UAE, Qatar and Oman saw increases in ranking from 2013 to 2014. The UAE (77) increased from 56th to 55th position, Qatar (75) increased from 57th to 56th position, and Oman (66) increased from 65th to 64th position.
Posted: January 5, 2015
OMAN. Muriya, Oman's leading tourism development company, recently opened a floating fuel station at Jebel Sifah designed to provide a refuelling location for boats and yachts.
Posted: December 16, 2014
OMAN. With oil prices at a five-year low, Oman's budget, in line with that of other major oil producers in the region, looks set to be tipped into the red next year for the first time since 2009.
Posted: December 16, 2014
UAE. 49% believe women and men are treated equally in the workplace, according to "Status of Working Women in the Middle East" survey by Bayt.com and YouGov.
Posted: December 11, 2014
UAE. Dubai stocks dropped the most since October 2008 and equity markets across the oil-producing Gulf Cooperation Council tumbled after OPEC reduced its estimate for crude demand in 2015.
Posted: December 10, 2014
UAE. 'BBB+/A-2' ratings affirmed; The rating action follows the revision of S&P's outlook on the Sultanate of Oman to negative on Dec. 5, 2014.
Posted: December 8, 2014
UAE. Opportunities in Saudi Arabia starting to align with improving sentiment around ease of doing business; Increasing confidence in the Omani market; Transport remains strongest sector for construction opportunities.
Posted: December 6, 2014
INTERNATIONAL. The ratings agency affirmed the strong "AA-/A-1+" credit ratings for Riyadh over the "strong external and fiscal positions" it has built up in the past decade when oil prices were too high.
Posted: December 4, 2014
BAHRAIN. Thomson Reuters announces 2015 findings of Annual Sukuk Perceptions and Forecast Report at WIBC 2014; Survey of 44 lead arrangers and 106 investors reveal most expect a boost in sukuk issuance in 2015, to be between US$150 billion and US$174.9 billion.
Posted: December 2, 2014
UAE. Falling oil prices will pose significant challenges to GCC markets, according to a new report by ICAEW. The latest Economic Insight report warns the impact of continued oil price weakness could put considerable pressure on GCC economies and affect real GDP growth, unless they step up diversification efforts.
Posted: December 1, 2014
UAE. Region's future growth hinges on success of US$2.7 trillion worth of projects.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: January 31, 2015
QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
date:Posted: January 30, 2015
INTERNATIONAL. Western politicians wishing to see a genuine resolution of Iran's nuclear crisis must continue with diplomatic efforts to isolate those among the Iranian rulers who wish for the collapse of the negotiations.
date:Posted: January 30, 2015
SAUDI ARABIA. Often businesses will seek to explore the market through a partner or a third party with which employees are placed and through which they seek to operate in the Kingdom.
QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
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