Middle East
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Banking
Introduction | 2015 World Bank/IMF Annual Meetings
Developing countries have long sought a greater voice in running the IMF and World Bank. The rise of rival development banks gives them more options—and more leverage.
Economics, Policy & Regulation
Irans Peace Dividend
“An economic windfall.” That’s how the World Bank’s chief economist for the Middle East and North Africa, Shantayanan Devarajan, characterized the boost to the Iranian economy from the lifting of sanctions in the wake of the nuclear deal struck with the permanent members of the UN Security Council.
Capital Raising & Corporate Finance
New & Planned Arabian Cities Attract Foreign Investment
Arabia is meeting with some success in its efforts to entice foreign investors to six new economic cities in the kingdom.
Country Report
Saudi Arabia Breaking Away
Saudi Arabia needs a strategy to diversify its oil-based economy. Can change come fast enough?
Capital Raising & Corporate Finance
Saudi Arabia Privatizations Could Help Plug Budget Gap
With the country’s oil revenue set to slide by about 30% this year, privatization is a largely untapped resource.
Award Winners
World’s Best Banks 2015
Global Finance unveils its annual list of the best banks globally, regionally and by country. The winners have provided the best service to clients.
Capital Raising & Corporate Finance
Middle East Poised For Growth
Isaac Thomas, executive vice president and head of cash management, Abu Dhabi Commercial Bank, describes the region’s changes and challenges.
Capital Raising & Corporate Finance
Saudi Arabia Taps Bond Market As Low Oil Prices Create Deficit
Capital Markets | Fixed Income
Saudi Arabia has issued its first sovereign bonds since 2007 to help fund a widening budget deficit caused by continued spending amid low oil prices.
Capital Raising & Corporate Finance
Suez Canal: Egyptian Economy Will See A Bump-upBut How Big?
At a lavish ceremony last month, the Egyptian government inaugurated the new Suez Canal, marking an expansion of the original project, which dates to 1869.
Capital Raising & Corporate Finance
Forging New Economies
GCC Regional Report 2015 | Special Economic Zones
Special economic zones are allowing GCC countries to diversify their economies away from oil and provide jobs to their citizenry.
Economics, Policy & Regulation
GCC Regional Report 2015
Introduction
Regional wealth funds, free-trade zones and the Saudi Stock Exchange are expected to boost GCC economic growth and spur development—even if oil doesn’t cooperate.