Enhancing Mexico’s traditionally low rate of insurance penetration has proved a challenge over the years. Indeed, the latest National Survey for Financial Inclusion (Encuesta Nacional de Inclusión Financiera, ENIF) conducted by the Mexican National Banking and Securities Commission and the National Institute of Statistics and Geography, shows...
Home to an estimated 15.9% of the world’s proven oil reserves, Saudi Arabia is the single largest economy in the Middle East and North Africa. According to the Ministry of Finance, real GDP grew by 3.8% to $746bn in 2013. While oil income is expected to continue to account for the majority of government revenues for the foreseeable future, the non-oil sector has expanded significantly in recent decades growing 9.3% in 2013.
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