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Article: Bold ambition: Top 500 Islamic Financial Institutions.
- Article from:
- The Banker
- Article date:
- November 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Michelle Price
Peaceful and commercially underdeveloped, Bandar Seri Begawan, the modest capital city of Brunei, belies the enormous wealth for which the tiny south-east Asian country has so long been famed. Situated atop the north-west coast of the island of Borneo, the tropical Sultanate has been blessed with deep reserves of crude oil and liquefied natural gas which have single-handedly underpinned three decades of extraordinary economic growth. But the country's oil and gas reserves are dwindling and gross domestic product (GDP) growth, projected at just 0.6% for 2010, has weakened: the country is no longer able to trade on its carbon credentials.
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