Emerging Markets Focus: Middle East

COVER STORY: INFRASTRUCTURE INVESTMENT SUSTAINS GROWTH   By Gordon Platt   High oil prices are keeping government spending flowing strongly into major projects, while debt-laden Dubai has taken a turn for the better.   Dubai’s world-class infrastructure gave the emirate’s ...

Best Derivatives Providers: Middle East

WINNERS: MIDDLE EAST   Best Derivatives Provider HSBC HSBC  has become the preferred derivatives dealer in the Middle East, which  endured an even more pronounced credit crunch than other regions. The  bank took clients away from Standard Chartered, the only ...

Emerging Markets Roundup: Middle East

ROUNDUP   By Gordon Platt   Dubai returns to the capital markets with bond issue Dubai's successful return to the international capital markets could pave the way for state-owned companies to tap the Eurobond market. Dubai's first new issue since ...

Country Report: Lebanon

REFORM CANDIDATE   By Justin Keay   Sharply rising capital inflows and a stable banking sector have helped Lebanon achieve impressive economic growth. Maintaining it will require far-reaching reforms, though.   Winston Churchill once famously described Russia as a riddle ...

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 ...

Shifting Sands

EM REGIONAL BANKING FOCUS: MIDDLE EAST   By Jonathan Gregson   Many banks in the Middle East are still suffering the after-effects of the global financial crisis.     Over the past decade the Middle East's banking sector has become ...

Country Report: Egypt

GETTING SMART   By Gordon Platt   Egypt is turning to information technology to create a knowledge-based economy.   Near the pyramids at Giza, on the outskirts of Cairo, Egypt's first technology park is changing the desert landscape. A total ...

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 ...

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, ...