Emerging Markets: Middle East

Roundup By Gordon Platt Dubai Mall: Mixed fortunes for Dubai’s property sector Abu Dhabi Investment Authority, the world's biggest sovereign wealth fund, has purchased an approximately 15% stake in London's Gatwick Airport, although it would not confirm the exact size ...

Emerging Markets: Middle East

MIDDLE EAST By Gordon Platt High point: Saudi Arabia dominates region’s IPOs Companies based in Saudi Arabia led initial public offerings in the Middle East in the first half of 2010, but the United Arab Emirates is expected to take ...

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 Dubai’s ...

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

On The Right Path

ON THE RIGHT PATH By Gordon Platt 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. 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 The Middle East is often thought of as the spiritual ...

Emerging Markets: Middle East

Roundup By Gordon Platt 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 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 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 implement ...

Emerging Markets: Middle East

Roundup By Gordon Platt 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 Ras Laffan ...

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 Ted ...

Emerging Markets: Middle East

Roundup By Gordon Platt 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 downgraded ...