Features: Country Report: Lebanon

BUCKING THE GLOBAL TREND Lebanon sidestepped the global turmoil and is busy building on its newfound prosperity. By Justin Keay On any morning in downtown Beirut—along the sunny Corniche or in the cafes in the reconstructed Place d’Etoile near Parliament ...

Emerging Markets: Middle East

Roundup By Gordon Platt Topping out: The colossal Burj tower nears completion Economic growth for the Gulf Cooperation Council (GCC) will reach 5.2% next year on the back of rising oil revenues, the International Monetary Fund forecasts. A year ago ...

Emerging Markets: Middle East

Roundup By Gordon Platt Futuristic: Dubai’s new metro should ease traffic congestion Jordan and Iraq signed a free trade agreement in Baghdad on September 3 that will expand already fast-growing trade between the neighboring countries. Jordan’s prime minister Nader Dahabi ...

Emerging Markets: Middle East

Roundup By Gordon Platt Saudi will assemble next generation Eurofighter planes The return of economic confidence in the Gulf Cooperation Council (GCC) countries is evident in the awarding of major new contracts and invitations for bidding on future projects, some ...

Features: Islamic Finance

REGIONAL REPORT: Gulf Cooperation Council Sukuk issuance is rebounding as investor confidence returns to the GCC region. By Gordon Platt The global financial crisis has accelerated what already was a growing interest in Islamic finance and has created new opportunities ...

Features: Looking Up In Dubai

REGIONAL REPORT: Gulf Cooperation Council The UAE economy is well on the road to recovery, one of its biggest boosters says. By Gordon Platt Abdul Aziz Al Ghurair, speaker of the house of the Federal National Council, the parliament in ...

Regulars : EM Roundup Middle East

Kohlberg Kravis Roberts, the US-based private equity firm, received a license to operate from the Dubai International Financial Center. By Gordon Platt The building in which the firm, whose 1988 leveraged buyout of RJR Nabisco was chronicled in a book ...

Cover Story : Recession Proof

MIDDLE EAST REGIONAL REPORT RECESSION PROOF Saudi Arabia epitomizes the trend toward big spending on infrastructure by oil-rich nations that is keeping their economies afloat. By Gordon Platt The Middle East is not immune to the effects of the global ...

Features : Back To Basics

SECTOR REPORT SOVEREIGN WEALTH FUNDS A series of disastrous investments in Western banks and mounting pressure to invest locally is prompting a sea change in sovereign wealth funds’ investment attitudes. Dickinson: Some SWFs are facing pressure to diversify their investments ...

Features : Best Laid Plans

MIDDLE EAST Determined to avoid repeating past mistakes, oil-rich nations in the Middle East have worked hard to diversify their economies. So far they have fared well, but pitfalls remain. Oil is integral to the Middle East's economic fortunes, but ...

Features : Islamic Finance

BACK TO BASICS ISLAMIC FINANCING The core ethical principles of Islamic finance have protected the industry from the worst effects of the credit crunch. A customer makes a transaction at Emirates Bank in Dubai. One segment of the financial markets ...

GCC Report: Shifting Gears

REGIONAL REPORT: GCC / COUNTRY PROFILE: QATAR Qatar has plenty of gas for the long drive to becoming a knowledge-based economy. Doha's constantly changing skyline illustrates Qatar's rapid growth. Qatar has the world’s third-largest reserves of natural gas after Russia ...

GCC Report: Move To Launching Pad

REGIONAL REPORT: GCC / CAPITAL MARKETS The region’s biggest exchanges, in Saudi Arabia and the UAE, are ready for liftoff. Al Sowailim: Saudi Arabia offers great opportunities for global investors. The volume of initial public offerings on the Saudi Stock ...

Features: Awards: Islamic Financial Institutions

ANNUAL SURVEY / ISLAMIC FINANCE Global Finance selects the winners in a fast-growing area of finance that combines investing according to the tenets of Islamic law with modern financial products and systems. Islamic finance is a system of ethical investing ...