Malaysia’s natural resources and its well-educated population are some of the many credentials that keep the country in good stead, with priorities centred on preparing for the ASEAN Economic Community in 2015 and steering the policy framework toward more inclusive political representation. The economy is built around global trade, and the government is working to encourage greater private investment.
A survey of the most significant sukuk (Islamic bond) issuances of 2013 reveals that a diverse array of institutions have turned to the instrument in order to acquire capital. The first of the major deals came in March with the Saudi Electricity Global Sukuk II, a US-dollar-denominated offering worth $2bn. In May three issuances were...
Long a key participant in the global Islamic finance arena, Saudi Arabia secured its position in 2013 by becoming the largest issuer of sukuks (Islamic bonds) in the region for the second year in a row. With a banking industry in which sharia-compliant assets account for a growing share each year, and an insurance sector that has...
First, I would like to review the latest economic developments in Saudi Arabia. Last year, our economy continued to grow for the 14th consecutive year. Real GDP grew by 3.8% during 2013, which was greater than the global average of 2.9%. Meanwhile, the private sector grew by 5.5%. The growth of the Saudi economy was primarily driven by...
In what ways are banks preparing for future lending growth as demand increases in the private sector and government projects are implemented?
Saudi Arabia’s demographic profile helps to explain the significant position of remittances in the nation’s current account. After a number of years of net emigration, the turn of this century saw a reversal of trend to produce a net immigration rate of 19.6 migrants for every 1000 people between 2000 and 2005, according to the UN Economic and...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×