The sultanate is home to a well-developed stock exchange, the Muscat Securities Market, which was founded in 1988. The equity market has seen a decline in initial public offering activity in recent years; however, it witnessed a resurgence in 2017 thanks to government-driven offerings, more of which are set to take place in 2018. On the debt side, there has been a recent uptick in issues and...
Chapter | Capital Markets from The Report: Oman 2018
Chapter | Banking & IFS from The Report: Oman 2018
Oman’s banking sector appears to have ridden out recent economic headwinds largely unscathed. While concerns over liquidity arose in the wake of the oil price slump due to the government’s status as an important depositor, the situation improved in 2017 as the Omani state borrowed from abroad to avoid withdrawing funds or pushing up funding costs through heavy local borrowing. The sector is...
A new wave of reforms including higher shareholding ceilings and lower asset requirements has opened the door wider to foreign investors looking to buy into Saudi Arabia’s capital markets.
Malaysia is increasingly turning its focus towards environmentally friendly Islamic finance, with new product offerings looking to raise capital for sustainable development projects.
Articles & Analysis | Improved fiscal health and eurozone recovery supporting sustained growth in Moroccan capital markets from The Report: Morocco 2018
As was expected, in 2016 the domestic economy registered one of its worst performances in several years against a backdrop of sharply contracting agricultural value added coupled with moderate growth in non-agricultural activity. In 2016 agricultural value added was heavily impacted by a severe shortage of rainfall, registering a contraction...
Articles & Analysis | Islamic bank expansion in Morocco facilitated by updated regulations and new supervisory body from The Report: Morocco 2018
With demand for sharia-compliant banking growing, Morocco has become the latest Muslim country to authorise Islamic banks. According to industry experts, these types of financial services could represent as much as 10% of the market. For a long time the country has been reluctant to privilege the development of the Islamic finance segment...