Islam Is Compatible with the Free Market
Roger Edde, Chairman of Edde Sands and Founder of Assalam Party explains the compatibility of the free market with Islam.
Marmi Bruno Zanet: Largest Marble Exporter in Brazil
Bruno Zanet, President of Marmi Bruno Zanet
Marmi Bruno Zanet has been in the ornamental stone business since 1958. One of its strong points is its wide selection of materials, today over 100, featuring different physical and color characteristics. Its President, Bruno Zanet, talks about the company and gives us an overview of the Brazilian market.
Blom Bank: Strategy, Finances & Vision
Saad Azhari, Chairman and GM of Blom Bank discusses the strategy and vision for Blom Bank.
Lebanese Banking Sector Regulations: Most of Deposits from Lebanese Residents
83-84% of deposits in Lebanese banks are from the Lebanese residents and 16-17% are from non-residents (a big portion of those numbers are from Lebanese who live abroad).
Major Challenge for Lebanese Banking Sector
Saad Azhari, Chairman and GM of Blom Bank says “The highest risk for us is the government itself. Our biggest customer for loans and for the banking sector in Lebanon is the public sector…
“Interest Rates in Lebanon to Remain Stable” says Blom Bank
The average interest rate paid in Lebanon is 2% higher depending on the bank, with interest rate paid between 2.5 and 2.8% on dollar deposits.
Banking Sector in Lebanon: Non-Performing Loans to Increase in 2012
During the last 4-5 years, non-performing loans went down from 8% to about 2.9% and to 3.7% in 2011. Blom Bank’s Chairman and GM sees increase in non-performing loans in 2012 due to events in Syria and Egypt.
Lebanon: Banking Sector Situation is Improving
Major events shook Lebanon in 2011. The political stalemate, Arab Spring and Syria uprising were all factors that negatively affected the regional perception of stability and economic growth.
Islamic Tourism: Emerging Tourism Niche
Islamic tourism is a new emerging niche that is gaining a momentum alongside with the liberation of Iraq.
Major Real Estate Projects in Kuwait
Dr. Osama J. Bukhamseen, Vice Chairman of Bukhamseen Group believes that the real estate in Kuwait is still under-developed.