New regulations for Islamic banking in Qatar released by the Central Bank in late August will change the way conventional banks offer sharia-compliant services and likely boost the performance of banks that focus solely on such services.
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Economic update | Malaysia: Capital progress
4 Oct 2010
In a major boost for Malaysia, global index provider FTSE has upgraded the country’s capital market status from secondary to advanced emerging. The vote of confidence fits well with the government’s ambitious plans to restructure the economy through major investment.
Economic update | Thailand: Policy of growth
6 Sep 2010
Thailand’s insurance sector looks set to shake off any lingering concerns following the recent period of political instability. A number of insurers recently reported strong growth in premiums and earnings for the first six months of 2010, a trend that is expected to continue into 2011.
Regulations enforcing higher capital standards in the UAE’s overcrowded insurance market have reduced the amount of insurance brokers, while slower growth in commercial business means the sector is looking to opportunities in the retail segment.
The Bahamas is in the process of overhauling key legislation regarding the operations of its central bank and companies in the financial industry, aiming to increase efficiency in the banking sector and meet international standards of governance and transparency.
Economic update | Thailand: Building interest
13 Aug 2010
Thailand’s banking sector appears to have seen off the worst effects of the global recession and, far closer to home, long-running social unrest and seems to be gaining momentum as the country’s economy begins to gather pace.