Emerging Markets: Middle East

ROUNDUP

By Gordon Platt


Emirates, the Dubai-based international airline, will place orders for more planes at the Farnborough International Airshow in the UK, according to Sheikh Mohammed Bin Rashid Al Maktoum, Dubai’s ruler. The airline, which is owned by ...

Gulf Report: Exchanges Enrich Technology

MARKET MAKERS

Exchanges Upgrade Technology And Add New Products


By Gordon Platt


Financial markets across the Gulf region are working hard to enhance the breadth and depth of services they offer.


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Financial markets in the Gulf Cooperation Council countries could ...

On The Right Path

ON THE RIGHT PATH

By Gordon Platt

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For the Gulf Cooperation Council (GCC), there have been setbacks on the road to a common currency, which now appears unlikely to be introduced anytime in the next five years, but progress in ...

Gulf Report: Game Changer

ISLAMIC FINANCING BREAKTHROUGH

By Anita Hawser

GAME CHANGER

The arrival of the first globally standardized documentation for privately negotiated Islamic hedging products marks a major breakthrough in Islamic finance and risk management.

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Compared to the conventional financial markets, Islamic finance ...

Market Forces

FOCUS: ISLAMIC FINANCE IN ASIA

A centralized approach to Islamic finance is helping Asia develop an industry that may challenge the Middle East as the global hub.

By Anita Hawser

mf2 The Middle East is often thought of as the spiritual ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

Middle-East

Riyadh, future home of the GCC Monetary Council

The UAE government announced plans to set up a federal credit bureau to collect information on individuals and corporations. The ministry of finance says the bureau will prepare ...

The Middle East's Rapid Recovery

A Rapid Recovery

By Gordon Platt

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Demographics and hydrocarbons make the Middle East a dynamic region that is rapidly advancing, despite the debt overhang in Dubai. A young and fast-growing population is demanding jobs, and regional governments are responding with ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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Signs of growth: Baghdad hosts a procession of bankers

The International Monetary Fund approved a $3.6 billion loan for Iraq, the largest such loan the country has received. The two-year standby agreement will help Iraq ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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Bahrain’s Salman Industrial City is now open for business

Gas-rich Qatar and ExxonMobil signed an agreement in January to build the world’s largest polyethylene plant as part of a $6 billion petrochemical complex in ...

Cover Story: When Two Worlds Collide

ISLAMIC FINANCING

Islamic finance is set to become one of the defining phenomena of the coming decade. Some are concerned, though, that the surge of growth may compromise the strict principles on which it is founded.

By Anita Hawser

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Ted ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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Dubai International Financial Center: Turmoil casts doubt over future

The repercussions from the debt-standstill by investment company Dubai World will be felt for months, if not years, to come. Moody’s Investors Service on December 10 ...

Features: Country Report: Lebanon

BUCKING THE GLOBAL TREND

Lebanon sidestepped the global turmoil and is busy building on its newfound prosperity.

By Justin Keay

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On any morning in downtown Beirut—along the sunny Corniche or in the cafes in the reconstructed Place d’Etoile ...