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 ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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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 ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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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 ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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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 ...