Bahrain tops economic freedom report
(CPIFINANCIAL - 16/11/2009)
Bahrain ranked highest for economic freedom in Arab world, Kuwait and Lebanon tied for second. Claims that Algeria, Syria, Mauritania, and Tunisia have the weakest levels of economic freedom.
Bahrain is the most economically free Arab nation...
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Luxembourg advised of more involvement in Islamic finance
(Mushtak Parker - Arab News - 16/11/2009)
THE Luxembourg office of PricewaterhouseCoopers (PWC) in a report on Islamic finance published at the end of October 2009, has urged greater involvement and visibility from the Luxembourg government and regulators if it is serious about establishing the ...
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Advice for Dubai on how to get the message across
(Frank Kane - The National - 14/11/2009)
Without a doubt the most talked-about event of the past week was the “shut up” comment from Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, to a group of international financiers assembled for an investment conference under the ...
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Shariah-compliant assets seen to grow significantly
(Saudi Gazette - 14/11/2009)
Shariah-compliant indices offer investors the ability to gain equity exposure based on a screening and selection process that combines benchmark index design with Islamic principles. As a result, these new indices have allowed investors to follow equity ...
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Abu Dhabi: Grand Progress
(Oxford Business Group - 14/11/2009)
Abu Dhabis tourism sector is buoyant following the inaugural Abu Dhabi Formula 1 (F1) Grand Prix, which marked a milestone in the emirates development, promoted the capital internationally and gave its hospitality sector a welcome fillip.
"Mo...
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Gulf must learn to invest excess liquidity prudently
(Andrew Cunningham - Financial Times - 12/11/2009)
THE PRICE OF OIL has nearly doubled since the beginning of the year, reaching the $70-$80 per barrel level necessary to ensure a return to vibrant economic activity in the six Gulf Co-operation Council states.
Stock indexes in Saudi Arabia an...
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Gulf issues leading bond markets
(Asa Fitch & Uta Harnischfeger - The National - 12/11/2009)
Gulf bond sales are accelerating at a faster rate than anywhere in the world as international investors buy sovereign and corporate debt from the Emirates, a senior Bank of America Merrill Lynch economist says.
Returning appetite for Dubai deb...
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Gulf businesses most confident about growth expectations
(CPIFINANCIAL - 11/11/2009)
Gulf businesses are the most confident globally about growth expectations, ICAEW global business survey shows
Businesses in the Gulf have been hard hit, as those in other regions, by the economic downturn. However, they are less neg...
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Islamic bonds spark rush of global interest
(Robin Wigglesworth - Financial Times - 11/11/2009)
The swelling coffers of Middle East-based Islamic banks are spurring a wide variety of international companies like General Electric and countries that include the UK, South Korea and France to prepare sales of bonds that comply with Shariah law. Islamic...
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Bahrain: Aiming for Top of the Class
(Oxford Business Group - 10/11/2009)
Bahrain has embarked on major educational reform, tailoring the system to meet the needs of the Kingdoms people and the nations economy, seeking to learn from past mistakes and the success of others.
The Kingdom has placed great importance on...
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