The Omani government has opened its doors to Islamic banking, with Sultan Qaboos bin Said Al Said issuing a royal directive in early May allowing for the roll-out of sharia-compliant financial...
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Economic Update | Oman: Green light for IFS
15 Jul 2011
Economic Update | Nigeria: A fresh start
15 Jul 2011
Two years after the margin lending crisis first struck, the process of cleaning up Nigeria’s banking sector continues. Most recently, the Central Bank of Nigeria’s (CBN) aggressive efforts to improve...
Economic Update | Egypt: Taking matters into its own hands
14 Jul 2011
With its recently passed budget for the 2011-12 fiscal year, Egypt has established a revised set of ambitious targets for tackling its public expenditures. Having rebuffed aid offers from several...
Economic Update | RAK: Material wealth
13 Jul 2011
From Saudi Arabia to Qatar, governments across the Gulf region are ramping up spending on building projects, with this likely to generate a host of opportunities for Ras Al Khaimah’s construction...
Economic Update | Saudi Arabia: Residential segment heating up
12 Jul 2011
With a new mortgage law in the works and government plans to spend nearly $70bn on low-income housing, Saudi Arabia’s real estate market appears on track for a period of expansion.
Economic Update | Malaysia: Oiling the economy
12 Jul 2011
The agricultural sector is playing an increasingly important role in Malaysia’s economy, not only helping the country to achieve food security for local consumption, but also generating strong levels...
