Mark Townsend, Author at Global Finance Magazine

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News

Historic Israel-UAE Deal Promises To Boost Commerce

Israel’s Economy Ministry calculates that the normalization of ties could increase exports to the UAE to US$300 million to $500 million annually while according to Moody’s Investors Services, UAE investments in Israel could reach US$350 million a year.

Technology

Indonesian Wealth Management Shake-Up

Akulaku's ambitions are not limited to the Indonesian market it dominates.

Data

Uncertain Future For GCC SMEs

Outdated lending practices and a structural focus on government-related enterprises are keeping banks from backing the region’s beleaguered smaller companies.

Economics, Policy & Regulation

A Bankrupt Fintech’s Big Sponsor

German fintech Wirecard collapses amid fraud allegations.

Economics, Policy & Regulation

Iraq’s New Prime Minister Under Scrutiny

The new prime minister’s resolve to tackle runaway government salaries faces an early test.

News

Saudi Arabia: Austerity Drive Kicks In

Economic reforms are hampered by worries they might undo the tacit cradle-to-grave social compact between the monarchy and Saudi citizens that provides a safety net in return for political stability.

Capital Raising & Corporate Finance

Softbank Shocks With $13 Billion Loss

In an announcement on April 13, SoftBank cited a “deteriorating market environment” as the explanation for the abysmal results at its $100 billion Vision Fund.

News

Canceled Global Gatherings Take Economic Toll

The postponing of major global events such as Dubai’s Expo 2020 and this year’s Tokyo Olympic Games will hit host economies hard.

Features

Jordan At A Crossroads

A new IMF funding package and anticipated economic reforms offer a ray of hope for the kingdom’s battered economy.

Features

New Sultan Faces Early Test

A sluggish economy, high debt burden and tensions among its neighbors challenge the new leader’s ambitious development plans.

Capital Raising & Corporate Finance

Oil Producers Battle For Market Share

Russia and Saudi Arabia are boosting oil output at a time of falling demand.

Capital Raising & Corporate Finance

Global Airlines Suffer From Lack Of Customers

Airlines across Europe, the US, Middle East and Asia slashed capacity and mothballed aircraft in a bid to stave off bankruptcy.