Having surpassed the US$1trn mark, we take a look at Islamic banking and its outlook over the next couple of years. Liz Martins, Head of Middle East and North Africa analysis at Business Monitor International, discusses some opportunities and threats of an industry that is expected to double in size over the coming five years.
The health of the world economy has picked up considerably in 2010 with BMI forecasting global GDP growth of 3.2% (driven largely by emerging markets). However, rather than force through positive consumer spending momentum, I see 2010 proving to be another difficult year, with developed market consumer confidence remaining weak. At the real economy level, [Read more...]
Following the re-election of President Susilo Bambang Yudhoyono on Wednesday, arguably the biggest question is whether Indonesia can join the BRIC (Brazil, Russia, India, China) league and make the group ‘BRIIC’. Goldman Sachs identified Indonesia as one of the ‘Next 11’ big emerging markets in 2005, and Morgan Stanley recently suggested that Indonesia should be [Read more...]
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