The Kingdom of Saudi Arabia is all set to start issuing regular riyal-denominated Islamic papers, a move likely to boost the local Sukuk market and fortify its position in the global Sukuk landscape among heavyweights Indonesia and Malaysia while simultaneously providing the Islamic financial community with much-needed avenues to manage excess Shariah liquidity.

According to state news agency Agence Mauritanienne d’Information, the Central Bank of Mauritania and the Ministry of Economy and Finance are working hand in hand to develop Shariah compliant money market instruments, in a bid to “strengthen the performance of the country’s money market, and to develop the Islamic finance industry in order to be at par with the diversity of financial products in modern economies,” central bank governor Abdel...

This quarter, Arabia Monitor conducts an analysis of the growing relations between the GCC and India with a focus on energy and merchandise trade, FDI and remittances as well as the existing barriers to investment.

The MENA Outlook publication presents Arabia Monitor’s insights on global markets, outlines and analyses regional future trends and defining themes, and then focuses on individual country macroeconomic views. Each publication is laid out in a concise bullet point format and features a Special Feature interview with regional leaders including central bank governors, ministers and executives.

This project, financed by the World Bank and executed by the Commission of Investment Promotion , aims to improve the climate of the economic activity and at the raising of moral standards of the transactions as well as at the respect for the regulations and international standards in addition to the acceleration and the facilitation of the administrative procedures there concerned.