Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.
Industry
Haj pilgrims and airlines meet new guidelines for travel to Saudi Arabia
The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
Gulf markets hunker down as threat of military action against Syria becomes imminent
Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.
Anti-corruption drive nets another senior Chinese official
President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.
US consumer spending increases slightly
Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
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An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.
The Japanese government got the approval of a special panel to raise the national sales tax by 2014.
Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.
propertyfinder.ae CEO and founder said that another property price bubble is in the making in Dubai.
Reuters columnist Allison Schrager dissects the cause of unemployment in the US. Is the cause of unemployment in the US structural or cyclical? This was the question that Reuters columnist Allison Schrager attempted to answer in her column.
The Consumer Confidence Index of the US in August increased. The Conference Board, an independent business membership and research group, revealed that consumer confidence in the US increased in August.
As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
Pentagon said it still wanted foreign companies to do business in the US, but takeovers must not put national security at risk.
Private equity firms perform at higher levels in terms of buyout financing compared to the previous year.
