The Sultanate’s sharia-compliant insurance sector is looking to expand its market share, stepping up efforts to promote takaful products and increase the range of policies on offer, with the sector likely to see greater segmentation as a result.
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Economic update | Saudi Arabia: Building bonds
27 Jun 2011
Plans by the Saudi Arabian government to boost public expenditures and invest in the nation’s infrastructure could prompt local companies to step up their own investments. As Islamic financial services expand in the Kingdom, some of these borrowers may well turn to sharia-compliant bonds as a means of finance.
Economic update | Qatar: Assets aplenty
22 Jun 2011
Having emerged as one of the most resilient financial markets in the region in the wake of the international economic downturn of 2008-09, Qatar is working to further boost its profile. The government has made a concerted effort to expand the country’s asset management industry, in particular, to meet steadily expanding global demand for local and regional funds.
Economic update | Nigeria: Fixed-income market boost
15 Jun 2011
A recent move by the Asset Management Corporation of Nigeria (AMCON) to list its N1.68trn ($10.85bn) bond on the Nigerian Stock Exchange (NSE) will give a boost to the country’s emerging fixed-income market.
Economic update | Kuwait: A new authority in town
15 Jun 2011
Having recently published its executive bylaws, Kuwait’s first independent stock market regulator, the Capital Markets Authority (CMA), is now ready to begin operations.
Economic update | Kuwait: Credit where it is due
3 Jun 2011
The financial health of Kuwait’s banking sector has improved markedly since the height of the global financial crisis, when falling asset prices had a negative impact on balance sheets and a number of institutions faced rising numbers of non-performing loans. Today, banks are well capitalised and reporting increased profits.