New regulations for Islamic banking in Qatar released by the Central Bank in late August will change the way conventional banks offer sharia-compliant services and likely boost the performance of banks that focus solely on such services.
The Middle East
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Economic update | Abu Dhabi: Forging new links
21 Oct 2010
Large-scale infrastructure projects under way in Abu Dhabi are expected to give the economy a welcome fillip and open up future investment opportunities.
Economic update | Abu Dhabi: Tourism on track
13 Oct 2010
Although the two biggest tourism events of the year have yet to take place, Abu Dhabi’s hospitality sector is registering strong growth and making solid headway on meeting its annual growth target.
New legislation restricting foreign investment in real estate has brought a welcome end to speculation over the issue while at the same time clarifying the transaction process. As such it is being heralded as a significant step forward for the sector
Economic update | Abu Dhabi: Building a new industry
30 Sep 2010
Ongoing developments in Abu Dhabi’s nascent microchip industry, such as plans for a major production plant and big investments by state-owned firms in cutting edge technologies, indicate a bright future for the sector.
Regulations enforcing higher capital standards in the UAE’s overcrowded insurance market have reduced the amount of insurance brokers, while slower growth in commercial business means the sector is looking to opportunities in the retail segment.