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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.

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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.

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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.

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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.

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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 />

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.

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Bastian Takes The Reins At Delta

Delta Air Lines, one of the world’s largest carriers, announced in January that its president, Ed Bastian, will take over as chief executive in May. He replaces industry veteran Richard Anderson, who will become Delta’s executive chairman.

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Can Boosting Business Productivity Unleash New Gains?

In the past century, gains in productivity and living standards were made as a result of advances in technology. But where can we expect gains to come from in this century—and are they likely to be gradual or dramatic? The answer depends on whether you believe the optimists or the pessimists.
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