Saudi Arabia’s banks can look forward to a stable 12 to 18 months, with moves by some to penetrate the retail market and expand sharia-compliant products strengthening their market positions, according to a top ratings agency.
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Economic update | Saudi Arabia: Banking on stability
15 Oct 2010
Economic update | Abu Dhabi: Tourism on track
13 Oct 2010
Although the two biggest tourism events of the year have yet to take place, Abu Dhabi’s hospitality sector is registering strong growth and making solid headway on meeting its annual growth target.
New legislation restricting foreign investment in real estate has brought a welcome end to speculation over the issue while at the same time clarifying the transaction process. As such it is being heralded as a significant step forward for the sector
Nigeria’s government is intervening to address understaffing at public universities following concerns over funding levels, while the private sector is also being bolstered to meet the country’s educational needs.
News of progress on the massive Merauke food estate in Papua indicates growing momentum behind Indonesia’s attempts to boost its agricultural output through promoting investment and harnessing technology.
Economic update | Malaysia: Capital progress
4 Oct 2010
In a major boost for Malaysia, global index provider FTSE has upgraded the country’s capital market status from secondary to advanced emerging. The vote of confidence fits well with the government’s ambitious plans to restructure the economy through major investment.