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 29, 2017
UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
Posted: March 27, 2017
UAE. Al Masah Capital Report: Dubai was the worst performer last week down by 1.7% followed by Saudi Arabia and Oman each heading south by 0.6%.
Posted: March 22, 2017
UAE. Each Masterclass will focus on a different subject linked to the world of business and will be led by a leading academic thinker, consultant or business leader in the field.
Posted: February 23, 2017
UAE. New MEED Insight report shows how lower oil prices have reshaped Middle East investment strategies in oil, gas and petrochemicals projects.
Posted: December 14, 2016
OMAN. Ahmed also leads "Mustaqbaly" the firm's Omani recruitment, training and development program, now in its second year.
Posted: December 12, 2016
UAE. A combination of GCC governments healthcare expenditure and participation of private players, leads the industry towards a rapidly growing market sector.
Posted: December 1, 2016
OMAN. Company expanded its waste management services in Oman with two new contract wins for waste collection and landfilling services in Al Dhakhiliya and Dhofar regions.
Posted: November 29, 2016
OMAN. Ministry of Tourism, Oman fully committed towards enhancing MICE sector - a major pillar in the Tourism Strategy for 2040.
Posted: November 29, 2016
UAE. The deployment of the industry leading payment terminal from Ingenico provides the Bank with multiple benefits.
Posted: November 22, 2016
OMAN. Partnership is part of Omantel's strategy to support the growth of connected and knowledge-based economy in Oman; HCL Infosystems to deliver IoT and M2M services.
Posted: November 21, 2016
OMAN. 50% room supply increase in four and five-star hotels expected in the next two years; Average residential rental rates down by a further 2.3% in Q3.
Posted: October 27, 2016
OMAN. In starting a business index, the Sultanate scored 1st amongst the Arab countries and 32nd globally, advancing by 127 points compared to the previous report.
Posted: October 11, 2016
UAE. The Middle Eastern property market is on the up, at least in some areas, so this represents a great investment opportunity for savvy property developers looking to make long-term gains.
Posted: October 8, 2016
INTERNATIONAL. The impact of having to write provisions up front will not be that significant because GCC banks are already used to booking general reserves when they extend new loans.
Posted: September 30, 2016
OMAN. However, The Boston Consulting Group study shows that the nation's performance in converting wealth into well-being is below par globally.