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Drawing on insights from the World Governments Summit, Dr Osama El‑Bakry explains why the biggest risk facing boards today is not strategy, but the pace at which governance, oversight and decision‑making adapt to policy change.

The Central Bank of the UAE (CBUAE) has launched the Standard Re. Shari’ah Compliance Function (SCF) to enhance the Islamic Finance regulatory framework. This standard sets clear expectations for Shari’ah compliance, including establishing an independent function, differentiating roles, and creating an annual compliance plan.

Spurred on by government initiatives and the emergence from COVID-19, the GCC IPO markets are now seeing unprecedented levels of activity, captivating institutional and retail investors alike.

Amidst global economic uncertainties, the MENA region is on a growth trajectory fuelled by elevated oil prices and accelerating business-friendly reforms. The global logistics market is estimated to be $9.1Tn in 2022 and is expected to reach $12.3Tn by 2027, growing at a CAGR of 6.2%. A combination of initiatives by regional governments and developments in e-commerce are driving the growth in logistics and warehousing activity in the region.