Plans for new regulations on direct foreign investment in the Saudi Arabian stock market have been outlined, setting out requirements and limits for oversees buyers seeking to buy into the region’s biggest exchange.
Financial Services
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Home to an estimated 15.9% of the world’s proven oil reserves, Saudi Arabia is the single largest economy in the Middle East and North Africa. According to the Ministry of Finance, real GDP grew by 3.8% to $746bn in 2013. While oil income is expected to continue to account for the majority of government revenues for the foreseeable future, the non-oil sector has expanded significantly in recent decades growing 9.3% in 2013.
Economic update | Soutien international à la Tunisie pour faciliter le financement des PME
28 Aug 2014
En Tunisie, les petites et moyennes entreprises (PME) se heurtent depuis longtemps au problème de l’accès au crédit mais il se pourrait bien qu’une série d’initiatives récentes contribue à leur apporter une bouffée d’oxygène à court terme.
Economic update | Le Maroc est sur le point d’adopter une loi réglementant la finance islamique
25 Aug 2014
Fin juin, la chambre basse du parlement marocain a approuvé à l’unanimité un projet de loi bancaire attendu de longue date qui, entre autres, ouvre la voie au développement de la finance islamique dans le royaume. La chambre haute devrait se prononcer sur la loi au cours des prochaines semaines.
With a strong and well established financial services sector, Bahrain’s role in expanding the global reach of sharia-compliant financing looks set to broaden further through three developments firmed up in July. Two new partnerships were announced last month that will expand the number of Islamic Financial Services (IFS) institutions in the kingdom, while an agency already active in the sector is furthering its work to globalise the industry.
Debts markets in Nigeria have traditionally been dominated by sovereign issuances, but as demand for African bonds continues unabated, an increasing number of Nigerian banks are looking to tap into rising investor sentiment to expand their financing options.