Brunei Darussalam

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With Islamic finance among the most talked-about ventures in Brunei's portfolio, there was cause for celebration this week, as Bank Islam Brunei Darussalam released its results for 2007.
Buoyed by ascending oil prices, the sultanate posted healthy growth in 2007, finishing with a positive trade balance of $6.8bn.
With companies around the globe realising the importance of tapping into the market for halal products, Brunei is now set to offer its own contribution, with new initiatives in line to increase the sultanate's mark on the global halal industry.
The business news in Brunei recently had a Scandinavian feel, with the announcement that Sweden's Ericsson, the world's largest supplier of mobile phone network technologies, will soon be setting up shop in the sultanate.
Brunei's top officials were in Singapore on November 20 to sign the much-vaunted Association of Southeast Asian Nations (ASEAN) Charter.
After making headlines earlier this autumn, when engine problems closed a Heathrow runway for almost two hours, Royal Brunei Airlines (RBA) are now back in the news for the right reasons.

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