Magazine Cover

Cover Story

Cover Story : Banking On The Fast Track

RAPID CHANGE IS KEEPING BANK CEOS ON THEIR TOES AS THEY SEEK TO MEET THE SURGING DEMAND FOR FINANCIAL SERVICES IN A FAST-GROWING BUT VOLATILE REGION.

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Record earnings and bulging loan portfolios are commonplace for banks in the Middle East ...

Cover Story : Money Magnets

Dramatic growth in the Middle East’s economies is prompting a race to create a viable regional financial center


Cities in four of the six member states of the Gulf Cooperation Council (GCC) are vying to become the leading financial ...

Cover Story : Profits With Principles

Rapidly growing liquidity is fueling a surge in interest in Islamic financing in the GCC countries.



The Middle East—and particularly the Gulf Cooperation Council (GCC) countries—is awash with liquidity, which is being invested in traditional industries such as ...

Emerging Markets Roundup

Corporate Finance : Will Henry Paulson talk the dollar up?

US treasury secretaries with a Wall Street background have tended to preside over a strong dollar, in stated policy and in fact. The appointment of Henry Paulson, chairman and CEO of Goldman Sachs, to be treasury chief, therefore, could signal ...

Emerging Markets : Steel Makers Plan Merger To Head Off Mittal

RUSSIA

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Mordashov: Vaults to forefront of industry

Steel maker Arcelor, under attack from Mittal, in late May announced a $16.6 billion merger with Russia’s Severstal, a deal that would create the world’s largest steel maker. The transaction ...

Emerging Markets : Dubai Firm Buys Into Us Housing Market

COMPANY TO WATCH: EMAAR PROPERTIES/UNITED ARAB EMIRATES


Dubai-based Emaar Properties, one of the world’s largest real estate companies, made its first major push into the US market last month, paying more than $1 billion in cash to acquire ...

Emerging Markets : Investors Gain New Flexibility

CHINA

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China’s real estate sector takes a breather Mordashov: Vaults to forefront of industry

China CAMC Engineering in June became the first Chinese company in more than a year to launch an initial public offering (IPO) on one of ...

Emerging Markets : Liquidity seize-up hits em stocks

NEWS

Large volumes of positions in stocks, foreign exchange and commodity markets have been funded in “zero cost” Japanese yen. Now, with the yen rising and liquidity drying up, emerging stock markets are being particularly hard hit, according to a ...

Emerging Markets : The Bank Of New York Launches Bric Index

DR NEWS

Putting the focus on the big emerging markets of Brazil, Russia, India and China, The Bank of New York has created a new BRIC Select ADR index, made up of American depositary receipts from these countries.

“This new ...

Emerging Markets : Trade Slows As Currency Rises

Brazil

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Petrobras: Investing heavily

The rapid appreciation of the Brazilian real against the dollar since last year is sparking concerns in Brasilia, as the situation has already prompted a slowdown in the nation’s oncethriving export sector. May exports hit ...

Milestones

Milestones : Investors Say It Pays To Be Green

United States


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Risky business: Investors want transparency

Agroup of heavyweight US institutional investors have upped the ante over public companies’ failure to disclose the financial risks of global warming. More than 25 investors responsible for $1 trillion in assets called ...

Milestones : When The Worlds Of Sports And Finance

Germany/Global


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Sales pitch: Companies
are set to benefit

If the number of football fans converging on Germany for the World Cup was not enough hysteria, a future events company predicts that World Cup “fever” is also likely to take ...

Features

Features : Growing Opportunities Emerge In Africa

Economic growth is on the rise in many African countries and a new partnership between big business and governments is set to improve the investment climate. According to Tanweer Akram, senior economist at Moody's economy.com, doing business in Africa presents ...

Features : Business Travel Takes Off Once More

Receding security fears and growing profits are leading to a sharp rise in business travel.
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Business executives are racking up hundreds of billions of dollars in travel expenses for hotels, restaurant meals and airline tickets as an increasingly interdependent global ...

Features : Foreign Exchange: A Fast-Changing Marke

Global Finance brought together a group of key figures in the foreign exchange industry to discuss the dramatic growth of the market and its prospects for the future.

GLOBAL FINANCE: Is the euro ready to challenge the dollar as a ...

Features : The Art Of Giving

SETTING UP CHARITABLE FOUNDATIONS HAS BECOME INCREASINGLY FASHIONABLE AMONG US CORPORATIONS. THE BENEFITS CAN BE SIGNIFICANT FOR ALL CONCERNED.


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Mutual benefit: Businesses can gain multiple advantages from setting up charitable foundations

In 1999 Siemens USA faced a conundrum. A unit ...

Features : The World's Best Sub-Custodians

Global Finance turns the spotlight on the specialized providers of services that make global investing possible.


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The value of a good sub-custodian becomes apparent not only when an investor wants to buy a foreign security but more so when he ...

Features : Turkey: Pressing Ahead

Its EU hopes may be faltering, but Turkey is relentlessly pursuing its ambitious reform program—and reaping significant benefits in the process.

features03 While at least a decade away from possible membership in the European Union, Turkey is luring record levels ...

Corporate Finance

Corporate Finance : Banking On The Fast Track

Rapid change is keeping bank CEOs on their toes as they seek to meet the surging demand for financial services in a fast-growing but volatile region.


Record earnings and bulging loan portfolios are commonplace for banks in the Middle East ...

Corporate Finance : Corporate Financing Focus

AéROPORTS DE PARIS LAUNCHES IPO DESPITE STORMY SKIES, AS EUROPE’S EQUITY CAPITAL MARKETS GROW


Aéroports de Paris, the state-owned operator of the airports serving the French capital, launched its long-awaited initial public offering last month, despite the biggest decline ...

Corporate Finance : Global Merger Activity Sets Record Pace

The volume of mergers and acquisitions announced worldwide so far this year reached $1.65 trillion as of June 7, up 38% from the same period a year earlier and the highest year-to-date total on record, just slightly ahead of ...

Corporate Finance : Reynolds American Borrows For Takeover

Winston-Salem, North Carolina-based Reynolds American, the parent company of R.J. Reynolds Tobacco, borrowed $1.65 billion in the high-yield debt market to help finance the purchase of Conwood, the second-largest manufacturer of smokeless tobacco products in the United States ...

Corporate Finance : Will Henry Paulson talk the dollar up?

US treasury secretaries with a Wall Street background have tended to preside over a strong dollar, in stated policy and in fact. The appointment of Henry Paulson, chairman and CEO of Goldman Sachs, to be treasury chief, therefore, could signal ...

The World's Best Sub-Custodians

Features : The World's Best Sub-Custodians

Global Finance turns the spotlight on the specialized providers of services that make global investing possible.


subcusbig
The value of a good sub-custodian becomes apparent not only when an investor wants to buy a foreign security but more so when he ...