News
Down, But Not Out
Retail sales in the Middle East are susceptible to lower oil prices and falling consumer demand, but international retail chains still view the region’s long-term investment prospects positively.
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Driving Momentum: Shayne Nelson, Emirates NBD
Emirates NBD returned a stellar performance in 2015, but this year looks to be an entirely different proposition. Shayne Nelson, Emirates NBD Group’s CEO, tells Global Finance how the bank plans to drive growth and why consolidation is needed in the UAE banking sector.
News
Fast Follower: Tirad Al-Mahmoud, Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank was the first Islamic bank established in Abu Dhabi, in 1997, and has evolved to become one of the largest retail banks in the United Arab Emirates, with one of the strongest digital footprints of any bank in the UAE. ADIB increased full-year net profits by 10.5% in 2015 to reach 1.9 billion dirhams ($520 million). Global Finance sat down with ADIB’s CEO at the bank’s head office in Abu Dhabi.
News
Fractured Election Results Cast Doubt Over PM’s Future
<strong>Newsmakers | Slovakia</strong><br />
Since he first became prime minister 10 years ago, Robert Fico has been the great survivor of Slovakia’s febrile and unpredictable political scene.
News
Iran Elections Stir Optimism
<strong>Milestones | Iran</strong><br />
A strong showing by moderates in February’s elections to Iran’s parliament and assembly of experts (the constitutional body that appoints and dismisses the supreme leader) has boosted prospects for the Islamic republic’s reintegration into the global economy and reassured foreign investors that reforms will continue.
News
Islamic Finance | Bridging The Digital Divide
Islamic banking assets in the Middle East are growing, and opportunities abound for Islamic banks to participate in the digital banking revolution, but efforts so far are falling short of customer expectations.
News
Managing Amid Uncertainty: Hashim Shawa, Bank Of Palestine
The Bank of Palestine traces its roots back to 1960. Political upheaval has punctuated the bank’s operating environment since its founding. The bank’s chairman and general manager shares his experiences with Global Finance.
News
Middle East Region Staggers Under Ratings Downgrades
<strong>Milestones | Middle East</strong><br />
The established pattern of falling Middle Eastern credit ratings that started in 2014 continued apace in February and early March of this year, as rating agencies issued further downgrades of governments in the region.
News
New Pemex CEO To Lead Reforms
<strong>Newsmakers | Mexico</strong><br />
Mexico’s giant state oil company Pemex has a new boss, González Anaya, and he’s got a mess on his hands.<br />
Banking
Sovereign Wealth Funds: The Ultimate Guessing Game
Changing fortunes in the region’s oil-rich economies have made the secretive world of sovereign wealth fund asset allocation even more opaque.
Capital Raising & Corporate Finance
Taking The Long View: Crises Demand Attention, But So Do Long-Term Trends.
Corporate leaders can be forgiven for not thinking too far ahead. The length of time that investors hold stock has fallen. Share-holders want fast rewards—and quick fixes when performance flags. Moreover, given the upheavals and macroeconomic uncertainties of the past decade, many CEOs and CFOs have been preoccupied with firefighting.
