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At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.

Chapter | Insurance from The Report: Oman 2013

With participants showing strong growth in a highly competitive market, the sultanate’s insurance sector is experiencing a period of both vertical and horizontal expansion. Stronger regulatory requirements on solvency and governance are also on the way, while a major new element, Islamic insurance – takaful – is also being added to the mix. While the market penetration rate remains low compared...

Chapter | Capital Markets from The Report: Oman 2013

While international investor confidence has been affected by the global financial crisis, the sultanate has remained relatively stable, with sustained high oil prices resulting in increasing government spending and higher disposable incomes. Moreover, these are exciting times for Oman’s capital markets, as a number of recent initiatives aimed at broadening activity are coming into play. The...

Chapter | Banking & Islamic Finance from The Report: Oman 2013

Backed up by strong macroeconomic fundamentals and the sultanate’s reputation for stability and sound financial management, Oman’s banking sector has been remarkably resilient in recent years. The sector has registered good growth in the face of market volatility linked to the Arab Spring and the eurozone crisis. Going forward, banks are now entering a period of substantial change. In 2013,...

THE COMPANY: Telekom Malaysia (TM) is the largest integrated communications solutions provider in Malaysia. TM’s core businesses are providing communication services and solutions in internet, multimedia, and data and fixed line. Khazanah is the major shareholder, with a 28% stake, while the government-...

Articles & Analysis | Sime Darby: Plantations from The Report: Malaysia 2012

THE COMPANY: Sime Darby is a diversified multinational involved in numerous sectors. It was set up in 2007 to facilitate the merger of Golden Hope, Kumpulan Guthrie and Sime Darby, and is now the second-largest company by market cap listed on Bursa Malaysia. Sime Darby Plantation is one of the world’s...

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