Regional Report: GCC

GUNS AND BUTTER

The GCC (Gulf Cooperation Council) countries, led by Saudi Arabia, will spend $120 billion over the next few years to buy advanced fighter planes and anti-missile defense systems. They are spending even larger sums to placate potential ...

Regional Report: Asia

ASIA ACTS AMID ADVERSITY

By Thomas Clouse

The turmoil in the Middle East and North Africa and the devastating consequences of the early March earthquake in Japan are dragging heavily on Asia’s export-led, resource-intensive economic recovery.

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When the US ...

Take Cover

INSURANCE: POLITICAL RISK COVER

By Anita Hawser

Recent events in the Middle East and North Africa have brought political risk into sharp focus for multinationals in the region and beyond.

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It was the morning after the Japanese earthquake, and David ...

FX: Concerns Linger After Currency War

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE

By Matt Greco

Things may not look quite as bleak as they did a couple of months ago when there was talk—however irresponsible—of currency wars as trade war by other means, but international ...

Banking On Stability

COVER STORY: MIDDLE EAST

By Laurence Neville

Nervous investors are looking for signs of stability in the Middle East and North Africa. The region’s burgeoning investment banking industry may provide the reassurance they’re looking for.

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The political crisis ...

Sector Report: Islamic Finance

ISLAMIC FINANCE: ISLAMIC BANKING BY THE BOOK

By Anita Hawser

The growing popularity of Islamic financing and an intensified focus on risk management in the global banking industry are prompting greater awareness of the need for a unified—and appropriate ...

Islamic Finance: A New Frontier

TRENDS: ISLAMIC FINANCE IN LATIN AMERICA

By Antonio Guerrero

With Islamic financial institutions seeking to expand into emerging markets in Africa and Asia, could Latin America be next?

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While Islamic financial institutions have aggressively expanded through Asia and Africa, Latin ...

Standard Bearers

SECTOR FOCUS — ISLAMIC FINANCIAL SERVICES

By Anita Hawser


Calls for standardized regulation of Islamic financial services are growing louder in the wake of the global financial crisis.

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Islamic banks emerged from the recent financial crisis with a relatively burnished image ...

Emerging Markets: Middle East

ROUNDUP

By Gordon Platt

The six member countries of the Gulf Cooperation Council (GCC) agreed at a meeting in Jeddah, Saudi Arabia, last month to postpone a planned customs union for several additional years. At the exceptional meeting of ministers ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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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 ...

Emerging Markets: Middle East

MIDDLE EAST

By Gordon Platt

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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 ...

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 ...