International Finance

Category : Economy

BankingBusiness LeadersEconomyFinanceIslamic Banking

Oman wants to increase success rate of SMEs

International Finance Desk
Over 50% fail within five years, which is a drag on efforts by the Gulf nation to diversify its oil & gas based economy IFM Correspondent September 15, 2015: The two-day Oman SME Summit in Muscat got off to a rousing start with a welcome speech and special address by His Highness Al Sayyid Dr. Adham...
Economy

From ‘Made in China’ to ‘Innovate in China’

Huge capital and investment power will make the country a force to reckon with Suparna Goswami Bhattacharya September 8, 2015: In the West, people often opine that Chinese are not innovators but just copiers who can make a product at a cheaper rate. If somebody mentions inventions, like gunpowder and printing press which were invented...
Economy

Asia’s SMEs need capital to be competitive

Despite having millions of SMEs, only a few are able to grow where they can innovate September 8, 2015: Asia’s small- and medium-sized enterprises (SMEs) need finance to help them grow into dynamic, internationally competitive companies. This is key to strong, sustainable growth in Asia as the world recovers from the recent global economic slowdown, says...
Economy

‘Ecosystem for SMEs in Oman is still nascent’

Adham Al Said spoke to IFM about the initiatives taken by His Majesty and challenges ahead IFM Correspondent September 2, 2015 SMEs play a major role in any economy. How is it in Oman? Recent reports and studies have suggested that SMEs form approximate 90% of active businesses. Their contribution to GDP is estimated to...
Economy

‘Salary is not the only criteria to attract top talent’

Suhail Masri, VP of Sales, Bayt.com says SMEs in the GCC can compete with larger MNCs IFM Correspondent September 1, 2015 With MNCs spreading their wings, are local SMEs losing potentially good employees to these bigger companies? The state of talent in SMEs in Oman is positive. After all, Oman attracts top talent from all...
Economy

Iran: Renewed interest

The initial round of foreign investment is expected to benefit petrochemical and metal industries Suparna Goswami Bhattacharya August 28, 2015: For economists worldwide, July historically is usually a quiet month. However, this year has been unusually active for the global economy. First, there was Greece’s debt crisis. Then the news of China’s stock plunging stroked...
Economy

Insurance companies staring at $1.5 billion Tianjin bill

Two massive explosions in a warehouse in the Chinese port have killed more than a hundred people, left hundreds more injured and devastated large parts of the city Tim Evershed August 21, 2015: Insured losses from the explosions that rocked the Chinese port of Tianjin on August 12 could rise to over $1.5 billion making...
Economy

Doubts on Greek deal remain

The government doesn’t share the ideological underpinnings of the requested austerity measures Peter Vanden Houte August 14, 2015: It seems as if a deal on a third bail-out package (€86 bn over the next three years) between the Greek government and representatives from the IMF, the European Commission, the ECB and the ESM has been...