Award Winners
WORLD’S BEST CORPORATE/INSTITUTIONAL INTERNET BANKS IN MIDDLE EAST/AFRICA 2012
Global Finance names the 2012 World’s Best Corporate/Institutional Internet Banks in Middle East/Africa NEW YORK, July 27, 2012 Global Finance...
Middle East
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Award Winners
WORLD’S BEST CONSUMER INTERNET BANKS IN MIDDLE EAST/AFRICA 2012
Global Finance names the 2012 World’s Best Consumer Internet Banks in Middle East/Africa NEW YORK, July 20, 2012 Global Finance...
Banking
Words Of Wisdom: Adel El-Labban, Ahli United Bank
DRIVE FOR DEMOCRACY By Gordon Platt Adel El-Labban, group CEO and managing director of Ahli United Bank, Bahrain, has had a major influence on Middle Eastern banking. Global Finance: The past 25 years in the Middle East have ...
Banking
Emerging Markets Roundup: Middle East
KUWAIT ORDERED TO PAY DOW CHEMICAL $2.16 BILLION By Gordon Platt Kuwait's state-run chemical company must pay the US's Dow Chemical $2.16 billion for wrongfully canceling a planned joint venture in December 2008, as the global economy was ...
Banking
GCC regional report: Crafting A New Future
OMAN: CRAFTING A NEW FUTURE By Gordon Platt Keenly aware that its vital oil resources are dwindling, Oman has embarked on a major economic diversification program. Oman's economy has grown steadily in recent years, helped by rising ...
Banking
GCC Regional Report: New Shopping List
NEW SHOPPING LIST By Justin Keay GCC sovereign wealth funds and banks are still selectively buying low-value assets in Europe, but higher-growth markets are increasingly on their radar. When the global financial crisis first hit back in ...
Banking
GCC Regional Report: Seeking More-Inclusive Growth
SEEKING MORE-INCLUSIVE GROWTH By Gordon Platt After strong economic growth in 2011, the six nations of the Gulf Cooperation Council are spreading the wealth by putting a priority on non-oil job creation and social welfare. Photo Credit ...
Banking
GCC Regional Report: The Power Of One
THE POWER OF ONE By Gordon Platt Thirty-one years have passed since the six Arab oil-producing countries of the Gulf formed an economic and strategic alliance, following the outbreak of the Iran-Iraq war. Known as the Gulf ...
Banking
Islamic Financing Facility To Be Tested By US Courts
MILESTONES: MIDDLE EAST / US By Anita Hawser The ability of US bankruptcy law to handle shariah-compliant structures is being tested after Bahraini firm Arcapita Bank’s decision in March to file for bankruptcy protection in the US. Business ...
Banking
Middle East Transaction Banking
NEW GRAVITATIONAL PULL By Ryan Harrison As companies in the region expand globally, their treasury and trade processes are growing in sophistication. As a result, transaction banking is becoming an ever-more-important business driver for both regional and global ...
Award Winners
World’s Best Banks 2012: Middle East
By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt MIDDLE EAST The oil-exporting countries of the Middle East are enjoying strong economic growth, whereas countries that experienced political uprisings during the Arab Spring of 2011 are struggling to get back ...
Emerging & Frontier Markets
Annual Supplement: Middle East 2012
CHANGE IS IN THE AIR As one drives into Riyadh, the Saudi Arabian capital, on King Khalid International Airport Road, a symbol of change appears suddenly through the window after miles of desert. It is the enormous campus of ...