Despite its relatively small size, retail banking in Mongolia has emerged as a key battleground for larger lenders in recent years. With some 77.7% of Mongolians holding an independently-obtained bank account in 2012, according to the World Bank, thanks to previous governments’ policies of cash handouts, the adult market is near saturated. The...
Some 22 years after holding its first multi-party elections, contemporary Mongolia has achieved much in the political arena, with a democratic culture established seeking peaceful means in the resolution of disputes and conflicts. In recent years, this has gone hand in hand with greater market openness, as foreign investment and participation in...
Framed by the Arabian Sea to the west, the Bay of Bengal to the east and the Himalayan mountain range to the north, the landmass of India has a recordable human history dating back approximately 500,000 years. In this time, the land has given birth to a number of major religions, has been the seat of power for numerous dynasties and empires, and...
The fundamental legal framework of the sultanate is laid out in the Basic Statute of the State (Royal Decree 101/1996, as amended), which is essentially Oman’s constitution. All primary legislation is issued by His Majesty the Sultan pursuant to royal decrees, which are published in the bimonthly Official...
As a source of technical knowledge and skills, the six regional colleges of technology and one higher college of technology run by Oman’s Ministry of Manpower perform a crucial role with respect to the nation’s labour market. The diplomas, higher diplomas and bachelor’s degrees they offer have enabled Omanis to engage with the new technologies...
Steeped in history but with an eye to the future, the northernmost governorate of Musandam is on a development path that will entice both discerning tourists and investors seeking access to the Gulf. In line with the Sultan’s directive to provide essential services infrastructure to all regions, several projects have been initiated in the...
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