The Islamic Financial Services Board (IFSB), the multilateral organization established on Nov. 3, 2002 in Kuala Lumpur, with the mandate of promoting the soundness and stability of the Islamic financial services industry through the introduction of...
If its achievements in the past decade are anything to go by, then the next ten years augurs well for the Islamic Financial Services Board (IFSB), the multilateral prudential and supervisory standard-setting body for the global Islamic financial services...
This week witnessed a positive rebound in oil prices as a strong signal to the disappearance of the geopolitical factors that lately influenced trades in the oil markets, where the price of Brent crude — the North Sea Blend — closed for three consecutive...
As hydrocarbons' contribution to Kuwait's GDP is predicted to fall this year, growth is increasingly seen as hinging on the success of an ambitious state investment programme. However, concerns over delays to its implementation have raised questions as...
Despite fierce competition in a crowded market, Saudi Arabia’s telecoms sector should see continued growth, driven largely by the expanding mobile internet and fixed broadband segments, according to recent reports from local investment groups. The...
The Kingdom’s stock exchange is to see its first new listing for 2013, with a green light for telecommunications firm Zain Bahrain to launch an initial public offering (IPO). Analysts are likely to follow the float with keen interest as it could serve as...
Despite achieving record growth in 2012, telecoms operators in the UAE have seen their profit margins affected by a new royalties programme introduced by the federal government. However, surging demand in Dubai for the latest mobile devices, particularly...
It has been an interesting week! With demand stuttering, pressure on crude markets continued to build up. The Brent front month futures price, after reaching the lowest level since July 2012, averaging about $99 a barrel for the five day period ending...
As the waiting list for government-subsidised housing in Kuwait has grown to more than 100,000 in 2013, projects aimed at combating the shortage will see a number of new construction projects in the coming years. Sluggish residential real estate growth...
Based on several energy studies, the Kingdom energy demand, which is coming primarily from locally produced oil and gas, will grow from its current level of 4.3 million barrel per day of oil equivalent to reach high record of 6 million barrel per day of...