The Kingdom’s insurance industry has traditionally been strong, regularly posting double-digit year-on-year growth, mirroring the expansion of the wider financial sector. The global financial crisis and recent political unrest, however, have presented the industry with a number of challenges in recent years. For example, the unrest made the implementation of the planned new mandatory health law...
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Chapter | Islamic Financial Services from The Report: Bahrain 2012
A history of clear regulation and prudent oversight has served the Islamic financial services sector well in the challenging years since the onset of the global economic downturn. It also accounts for the sense of optimism within the sector, despite the challenges that are facing the broader global finance industry. In 2011 the opening of the Bahrain Financial Exchange added new depth to the...
Chapter | Capital Markets from The Report: Bahrain 2012
With new regulations, the continued implementation of development strategies and the historic opening of the nation’s second exchange holding the interest of market participants, Bahrain’s capital markets have been receiving significant attention from investors. However, a number of challenges have presented themselves. The European debt crisis, local and regional unrest, and the lingering...
Famously one of the most diverse in the region, the Bahraini banking sector is composed of local, regional and international firms that have flourished in a liberal but well-regarded regulatory environment. The past year has been a challenging one for the industry, particularly given the unrest in the early months, yet most licensed lenders in Bahrain entered 2012 on the back of robust financial...
After a period of relative inactivity, Oman’s stock exchange, the Muscat Stock Market (MSM), could be about to see heightened activity with the listing of a number of important companies keenly anticipated.
Economic update | Nigeria: Compulsory insurance
1 Jun 2012
A slew of recent initiatives are targeting insurance reform in the corporate and retail segments in Nigeria, to help unshackle the latent potential of a sector that has traditionally struggled with spotty enforcement, limited capacity, and low penetration.