Although a number of Egypt’s largest banks posted notable growth during the turbulent first half of 2011, the second half may prove more challenging as tourism, investments and fund flows continue to decline.
Displaying 4291 - 4296 of 4356
Economic update | Maroc : Dynamiser les marchés
13 Sep 2011
Les marchés financiers marocains ont globalement connu un répit en 2011, malgré la bonne performance et les perspectives prometteuses de certaines sociétés clés dans les domaines bancaire et immobilier, deux piliers de l’économie marocaine. Toutefois, de nombreux acteurs du secteur minier et autres sont allés à contre-courant de la tendance et un certain nombre d’accords importants planifiés devraient stimuler les marchés au cours de l’année à venir.
Economic update | Qatar: Bank balance
8 Sep 2011
International ratings agencies and analysts have given Qatar’s banking sector a clean bill of health, though the central bank is keeping an eye on non-performing loans (NPLs), as well as monitoring inflationary pressure.
Economic update | Nigeria: Mandating coverage
7 Sep 2011
More robust enforcement of mandatory insurance laws is set to increase Nigeria’s insurance penetration rate, which currently stands at less than 10%. In August, the National Insurance Commission (NAICOM), the regulatory agency for the sector, announced that starting this month it would implement compulsory insurance laws that have been on the books – but largely unenforced – for many years.
Malaysia’s automotive insurance sector has seen several important improvements in the past few months, with the industry’s regulator issuing a series of directives designed to strengthen policyholder protection, rationalise costs and speed claims processing. The industry has generally welcomed these changes, though some experts have suggested that full compliance could be hard to achieve.
Since issuing a decree to establish an Islamic financial services sector in May, Oman has seen a flurry of activity as banks have started gearing up to move into the new market. As well as the establishment of new Islamic banks, the sector is also seeing an upsurge of sharia-compliant services at convention institutions as well as movements in other financial services to offer Islamic products.