Middle East Archives

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Banking

Cover Story : Secondary Development

Middle East As Islamic bonds become more popular, banks are creating a viable secondary market. Emirates Islamic Bank: Reaping the benefits of a surge in business. Asurge in the issuance of sukuk, or Islamic bonds, and growing demand from ...

Banking

Cover Story: Let the good times roll

The Middle East Prudent investment of vastly increased oil revenues and a determination to build stable financial foundations are helping transform the Middle East into one of the world’s most vibrant economic areas. The DIFC in Dubai: One of the ...

News

Milestones : Shekel To Become Fully Convertible

Israel All change: Israel’s currency is set to take its place in the world markets. The Bank of Israel has joined the New York-based CLS (Continuous Linked Settlement) Bank (a multi-currency bank supervised by the US Federal Reserve ...

Emerging & Frontier Markets

Milestones : Israel Loosens Investment Restrictions

ISRAEL Tel Aviv: Aiming for greater integration with world markets. Israel’s minister of finance Ronnie Bar-On has approved a legislative amendment that will enable foreign portfolio management companies to serve Israeli clients and operate in Israel without the ...

Emerging & Frontier Markets

Newsmakers : Palestinians Prepare For Statehood

Palestinian Territories After decades of war, Palestinians are trying to revive a flagging economy. While media attention is focused on the attempts to broker a peace deal between Israel and the Palestinians, work has been quietly going on ...

Capital Raising & Corporate Finance

Milestones : DP World IPO Catapults Dubai Market Into The Limelight

DUBAI DP World’s flagship port operation in Jebel Ali, Dubai When DP World, the Dubai government-owned port giant that bought the UK’s P&O; in March 2006, lists at the end of November (still pending as this issue of ...

Country Report

Features : Fast Forward

ISRAEL Past wars and threats of future ones just can’t stop Israel’s economic engine plowing ahead. Past wars and threats of future ones just can't stop Israel's economic engine plowing ahead. During the past year, Israel’s economy grew ...

Banking

Milestones : Qatar Tightens Financial Regulation

QATAR The only way is up: QFC moves to new, gleaming headquarters. Rich in natural gas, the Gulf nation of Qatar has one of the fastest-growing economies in the world, with increasing demand for financial products and ...

Banking

Regional Report GCC : Economic Boom Won’t Quit

Regional Report / Gcc High oil prices keep the ball rolling, as the Gulf region’s economic growth momentum carries it through a rough patch in the stock markets. Kingdom Tower Riyadh: As capital spending rises, ...

Banking

Regional Report GCC : Islamic Finance Is No Longer For Muslims Only

Regional Report / Gcc Shariah structures and returns are appealing to a growing range of international investors. Dubai boasts the biggest exchange in the world for sukuk listings Islamic finance was designed for Muslim investors who want ...

Banking

Regional Report GCC : The Power Of People

Regional Report / Gcc Competition for talent in the banking industry is driving up costs as demand for financial services expands. El-Labban: Talent is more likely to join or stay on at a growing bank As ...

Emerging & Frontier Markets

Emerging Markets : Discount Carrier Plans To Add Hubs

COMPANY TO WATCH: AIR ARABIA/UAE Air Arabia, the first low-cost carrier in the Middle East and North Africa, raised $700 million in its recent initial public offering, the largest IPO ever in the United Arab Emirates. The company’s ...