A powerful driver of economic and non-oil growth, Bahrain’s banking sector plays an important role in ongoing diversification and development efforts. Furthermore, the kingdom has maintained its status as a regional financial centre, even with increasing competition from GCC neighbours. With financial technology developing rapidly, and profits, soundness indicators and asset growth remaining...
Financial Services
Displaying 385 - 390 of 4358
Articles & Analysis | Oman's competitive insurance market may see boon from digital and sharia-compliant products from The Report: Oman 2020
The countrywide introduction of mandatory health insurance for private sector workers and their families will offer a considerable boost to Oman’s insurance sector, helping it to sustain growth. However, there are considerable challenges to be overcome, such as the slowing growth of insurance premium. The market also remains crowded, and in...
Articles & Analysis | Insurance technologies unleash new potential in emerging markets from The Report: Oman 2020
Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as insurtech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While...
Articles & Analysis | Islamic banking helping to sustain the financial sector in Oman from The Report: Oman 2020
Oman’s banking sector has continued to perform well in spite of economic headwinds. The growth of non-oil sectors has increased demand for credit and, as a result, banks’ lending and assets have continued to expand, although liquidity has tightened. Meanwhile, the vibrant Islamic financial services segment has supported the sector’s growth....
Articles & Analysis | Emerging markets respond to retrenchment of overseas operations by major banks from The Report: Oman 2020
The three decades before the 2007-08 global financial crisis were marked by the world’s financial networks becoming increasingly interconnected. Financial system regulatory convergence, the growing penetration of World Trade Organisation rules and the creation of currency unions, such as the euro, resulted in a surge in cross-border capital...
Interviews & Viewpoints | Tahir bin Salim Al Amri, Executive President, Central Bank of Oman (CBO): Interview from The Report: Oman 2020
How would you assess liquidity in the market, and what is being done to alleviate rising funding costs?