Sunday 25, May 2008 by

Sharjah Islamic Bank acquires 10 per cent of Oman's Majan Development Company

Sharjah Islamic bank (SIB) has acquired a 10 per cent stake in Oman-based Majan Development Company.  Majan Development Company is an Omani and gulf investment company valued at over $100 million and is working on the purchasing, development, rental, and sale of real estate in addition to establishing and managing real estate funds within and outside of the Sultanate. They also offer real estate management and real estate consulting services.

Features & Analyses

Economics IMF updates on Iraq economy

Recent macroeconomic developments have been broadly positive in Iraq. Economic growth in Iraq reached 8.4 per cent in 2012 and… read more