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With the introduction of Islamic financial products, regarded as allowing the sultanate to retain valuable investment dollars, the emergence of new takaful (Islamic insurance) firms raises the question of how new insurance providers can thrive in a small market.

Recent regulatory changes aimed at Oman’s banking sector are likely to cause significant shifts in the lending market in 2014, with potential impacts including increased credit access for small and medium-sized enterprises (SMEs) and perhaps a broader jump in the pace of loan growth and the competitiveness of the lending market. The changes are...

Petroleum wealth in Oman means the government has little need to sell bonds, which is the primary reason a robust market for debt securities has yet to develop. While the sultanate does sell bonds from time to time, the amounts are usually small and there are no regular schedules for any instruments other than short-term debt used by banks to...

A topic receiving much attention of late, decentralisation of Peru’s production sector could soon be realised, benefitting the nearly two-thirds of the country’s population who reside outside of Lima. As limited space for growth in the capital is spawning initiatives from the public and private sectors, consolidating infrastructure via...

More than 5000 people are expected to fill Lima’s prime hotels in October 2015 for the annual meetings of the World Bank and the IMF. Between ministers of finance and central bank governors from 188 member countries, attendees consist of elite tourists with strong buying power and are expected to give commerce and services a significant boost...

Peru’s continent-leading growth over the last several years has caused Lima’s art scene to flourish. As the art market has expanded and public interest in contemporary art has grown, the capital’s art institutions have made an effort to elevate the city’s status in the global art world. Lima’s leading galleries now show local and international artists at the world’s most prominent art fairs. A...

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