Winners’ Circle: Subcustodians

REIGNING SUPREME


By Kathryn Tully


Global Finance evaluates the Best of the Best Subcustodians in The Winners' Circle: An ongoing look at the top awards winners over the magazine's 25-year history, launched as part of our 25th Anniversary in ...

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.

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Business as usual ...

Emerging Markets Roundup: Middle East

SOVEREIGN WEALTH FUNDS JUMP INTO THE MARKETS

By Gordon Platt

Middle Eastern sovereign wealth funds (SWFs) are once again dipping their toes in markets worldwide, even those that saw investments last year grow cold.

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Saudi power company launches landmark sukuk ...

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 banks in ...

Best Islamic Financial Firms 2012

LANDMARK YEAR

By Anita Hawser

Last year was a landmark year for Islamic finance—innovative new products were launched and new markets opened up that few would have considered likely candidates just a few years ago.

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These trends look set ...

WORLD'S BEST ISLAMIC FINANCIAL INSTITUTIONS 2012

Global Finance names the World’s Best Islamic Financial Institutions 2012

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NEW YORK, April 20, 2012 - Global Finance magazine has announced its fifth annual awards for the World’s Best Islamic Financial Institutions. A full report on the selections will ...

Emerging Markets Roundup: Middle East

SAUDI ARABIAN BOURSE ALLOWS FOREIGN CROSS-LISTINGS

By Gordon Platt

The Saudi Arabian stock exchange, known as the Tadawul, has taken a major step toward becoming a regional exchange.

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Islamic bloc wins control in Kuwaiti parliament

The Capital Market Authority (CMA ...

Middle East Investment Banking

CLOUDY OUTLOOK

By Gordon Platt

The global economic slowdown and regional political turmoil are casting a pall over investment banking in the Middle East. As there's no change in sight, bankers in the region may be in for another ...

Country Report: Saudi Arabia

OPEN FOR BUSINESS

By Gordon Platt

Saudi Arabia is preparing to open its stock markets to foreign investment, and it has reinforced its financial management team in preparation for this and broader economic reforms.

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Saudi Arabia, the world's largest ...

Sector Report: Middle East Telecoms

SOWING SEEDS OF CHANGE

By Anita Hawser

The Arab Spring heralded the beginnings of reform and showed the growing importance of social media in enabling communal action. The telecoms sector in the Middle East has been forever changed as a ...

Country Report: Kuwait

LONG-TERM VISION

By Justin Keay

Kuwait’s development in recent years has been driven by the state, with little FDI. However, upcoming elections promise a new government that could improve the business climate for foreign investors.

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When protesters stormed Kuwait ...

Country Report: Brazil

SEARCHING FOR BALANCED SOLUTIONS

By Antonio Guerrero

Investors are awaiting the outcome of recent rate cuts in Brazil. Whether it will prove proactive or premature remains to be seen.

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Citing a substantial deterioration in the global economy, Brazil’s central ...

Islamic Finance Goes Global

NEW HORIZONS

By Anita Hawser

Islamic Finance is growing beyond traditional borders to encompass new markets worldwide.

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The Islamic finance industry emerged relatively unscathed from the 2008 financial crisis —touting itself as an alternative to the leverage and greed that ...