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Banking

Gulf Cooperation Council (GCC): Change Is In The Air

REGIONAL SUPERSECTION The six nations of the Gulf Cooperation Council (GCC)—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE—have a common need to adjust to a changing global oil market as a result of the surge in US oil ...

Banking

Israel: Wanted—Central Bank Leader

NEWSMAKERS By David Lipkin The succession of Stanley Fischer, governor of Israel’s central bank, has turned into a melodrama. Two of the appointed candidates for the job withdrew in a matter of days. The last candidate of prime ...

Award Winners

World’s Best Corporate/Institutional Internet Banks in Middle East & Africa 2013

Global Finance names the 2013 World’s Best Corporate/Institutional Internet Banks in Middle East/Africa NEW YORK, July 23, 2013 Global Finance...

Awards

World’s Best Consumer Internet Banks in Middle East & Africa 2013

Global Finance names the 2013 World’s Best Consumer Internet Banks in Middle East/Africa NEW YORK, July 18, 2013 Global Finance...

Award Winners

Awards: Best Islamic Banks 2013

A DEFINING MOMENT By Anita Hawser Global Finance presents the winners of its awards for the World’s Best Islamic Financial Insititutions 2013. With Islamic banking assets predicted to pass the $1.1 trillion mark in 2012 and Islamic ...

Banking

Country Report: Egypt

WAITING FOR THE RENAISSANCE By Gordon Platt Egypt’s elections promised much in terms of building a modern and democratic state. But the realities of governing for the Muslim Brotherhood are proving more difficult than initially thought—and some economic ...

Banking

Milestones: Private-Sector Banks Rake In Profits In Iraq

MILESTONES: IRAQ By Gordon Platt The five largest nongovernmental banks in Iraq posted a 207% increase in aggregate earnings between 2010 and 2012, thanks to the country’s strong economic growth and increasing demand for credit, according to a report on ...

Banking

Debt: Saudi Sukuk Market Heats Up

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt A series of three major sukuk issues in Saudi Arabia in the first week of April demonstrated the growing depth of the debt capital markets in the kingdom, where corporations are ...

Banking

Emerging Markets Roundup: Middle East

CLIFFORD CHANCE TO OPEN SAUDI PARTNERSHIP By Gordon Platt Clifford Chance is the first global law firm to receive approval from Saudi Arabia’s Ministry of Commerce and Industry to create a Saudi-foreign legal partnership in the kingdom. Photo ...

Award Winners

World’s Best Banks 2013: Middle East

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt CONSERVATIVE LENDING AND RECORD EARNINGS IN THE MIDDLE EAST Many of the largest banks in the Middle East posted record earnings in 2012, as they continued to pursue conservative lending ...

Banking

Annual Supplement: Middle East 2013

WELCOME TO THE FUTURE Photo Credits: RITU MANOJ JETHANI/ Shutterstock.com Passengers arriving at Dubai International Airport on Emirates’ double-decker Airbus 380 aircraft taxi up to a new $3.2 billion dedicated terminal, Concourse A, which opened in February. After disembarking, ...

Banking

Middle East 2013: Ethical Banking

THE ALLURE OF ETHICAL BANKING By Gordon Platt Islamic banks in the Gulf region are tapping into growing demand for ethical banking and are upping their game in structuring sukuk and wholesale banking services. Ethical banking services ...