New Leaders Seek End To Economic Agony

After two years of a political vacuum, Lebanon has finally elected Michel Aoun president of the republic. Under the constitution, however, the head of state has little power, and his election sparks little hope. “The election of Michel Aoun should ...

World’s Safest Banks 2016: Safest Islamic Banks

Abu Dhabi’s Al Hilal Bank is the safest Islamic bank in the six GCC states, replacing Al Rajhi Bank of Saudi Arabia, which falls to seventh position following downgrades prompted by the downgrading of the Saudi government. Kuwait Finance House ...

Pakistan Returns to Sukuk Market

With mounting payment obligations and a worsening balance of payments, Pakistan has returned to the Islamic bond market after a two-year hiatus. In early October, Pakistan mopped up $1 billion through a dollar-denominated Islamic bond with a five-year tenure.

Worlds Safest Banks 2016: Middle East Top 50

Worlds Safest Banks 2016: Middle East Top 50

The safest banks in the Middle East are all based in the GCC, with the exception of the two large Israeli banks, Hapoalim and Leumi, which rank 26th and 27th. National Bank of Abu Dhabi remains the Safest Bank in ...