Business Blog

Bahrain's stock exchange plans to launch a range of Islamic investment products, including a novel equity-based murabaha financing tool and Islamic real estate investment trusts (REITs), its chief executive told Reuters.

Oman's central bank has set up a sharia supervisory board to help oversee the sultanate's Islamic banking industry, a centralised model that is increasingly being adopted across the global industry but remains a rarity in the Gulf.

Oman's central bank has set up a sharia supervisory board to help oversee the sultanate's Islamic banking industry, a centralised model that is increasingly being adopted across the global industry but remains a rarity in the Gulf.

Oman's central bank has set up a sharia supervisory board to help oversee the sultanate's Islamic banking industry, a centralised model that is increasingly being adopted across the global industry but remains a rarity in the Gulf.

Prime residential rents in Dubai rose by 2% in the second quarter 2014, taking the annual increase to 14.1% - topping the list of 17 global cities tracked by UK-based Knight Frank.

Forecasts indicate the possibility of a dramatic growth in investments worth over SR95 billion in the Saudi tourism sector, hotels and apartments during the next 10 years.