With initial public offerings (IPOs) set to inject much needed capital into the sector and a new independent authority ready to promote transparency and oversee expansion, the Omani banking sector looks set for a period of further development.
Financial Services
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Economic update | Oman: Opening up banking
23 Mar 2012
As the overall economy continues to pick up steam, Qatar’s insurance sector looks set to benefit greatly, with strong growth and profits predicted for 2012 and beyond. However, for the sector to truly grow, the industry is conscious that it needs to encourage greater uptake of policies.
Articles & Analysis | Under control: Robust regulations for sukuk issuance are hoped to boost activity from The Report: Kuwait 2012
The regularity with which the Kuwaiti government has issued bonds over the past decade has driven aggregate bond growth – sovereign and corporate – and helped to establish the country as a leading issuer of bonds’ sharia-compliant equivalents, sukuks. While the global economic crisis has seen a dropoff in bond and sukuk issues across the...
Articles & Analysis | Policy provider: Health coverage is set to become a profitable area under a new public-private partnership from The Report: Kuwait 2012
The Kuwait Health Assurance Company (KHAC), a public-private partnership, is set to transform the health care system and create business opportunities for investors. The KHAC was established in 2010 under Ministerial Resolution 586, and the people of Kuwait, the government and a strategic private investor will hold stakes of 50%, 24% and 26%...
Articles & Analysis | Underwritten expansion: A new insurance law will address issues in the takaful segment from The Report: Kuwait 2012
Strong competition in the local market from both takaful and conventional players has made recent years challenging for Kuwait’s sharia-compliant insurers. The performance of dedicated takaful providers in 2010 was mixed, with gains by players such as National Takaful and Ain Takaful (which grew their premiums by 17.4% and 58.7%, respectively)...
Interviews & Viewpoints | OBG talks to Mohammad Al Omar, CEO, Kuwait Finance House from The Report: Kuwait 2012
Did Islamic financial institutions emerge from the global financial crisis in a stronger position than their conventional counterparts?