IFLR 1000
The Guide to the World's Leading Financial Law Firms

Oman

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Financial and corporate

CONTEXT AND TRENDS One of the most signifficant developments for Oman's economy in the last 12 months was Sultan Qaboos' decision to reverse prohibition on Islamic finance in 2011. After years of Oman insisting its banking industry should remain solely conventional, the move represents a complete u-turn and was said to be driven by the need to make the banking sector more regionally competitive....

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Oman
Middle East

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