Mark Townsend

The Arab Spring continues in Algeria.

Putting the war-ravaged country back together will cost $400 billion. With Assad still in power and US sanctions still in place, who will foot the bill—and reap the benefit? 

Iraq’s new government must push reconstruction forward, pull in new foreign investment and produce results for a battered population. Its time is limited.

As the region’s oil-and-gas dominance faces new challenges, the monarchies are betting that foreign capital will help carry their economies into a more stable, diversified future.  

Nations compete for foreign direct investment.

Smartphone-only bank makes a splash in the US.

OPEC is trying to bolster oil prices but Gulf economies will take a hit from a production cut.

China's rise is contested by other powers.

​IBM makes a bold move.

Blockchain technology is going mainstream.

Microlending boom goes bust.

Enticing foreign investors is urgent for the suddenly reformist Saudi government. But will it push economic reform far enough, fast enough?

Abraaj's collapse raises fresh questions about transparency and regulatory norms in the UAE and broader Middle East.

Tech innovator's career trajectory shows ingenuity isn't without risk.

China may soon have to tap foreign investors to help fund its ambitious Belt and Road Initiative. Can it ease their skepticism about the project?  

Malaysian election may mean near-term volatility in economic policy and performance.

As Asia ditches cash for digital wallets, more citizens are able to join the financial economy—and they are delighted.

Egypt's new sovereign wealth fund is not all it's cracked up to be.

Southeast Asian nations are benefiting from the return of global growth, with more room to grow capacity and exports—even as wages trend upward.

While enjoying robust growth and launching big infrastructure plans, The Philippines face potential inflation and growing trade deficits.

Yi Gang's appointment as governor of the People’s Bank of China a sign of policy continuity.

Beijing's top central banker is retiring. With no successor named yet, the rumor mill starts churning.

The newly anointed heir to the Saudi throne, Crown Prince Mohammed bin Salman is planning a mega tourism project that could possibly contribute 15 billion riyal ($4 billion) to the kingdom’s GDP and create up to 35,000 jobs. 

New approaches to labor management can help GCC economies wean themselves away from their energy dependence.

New regulatory demands are changing banking relationships and, combined with rapid technological change, squeezing transaction banks in the Middle East and North Africa.

The appointment of Nestor Espenilla Jr. as governor of Bangko Sentral ng Pilipinas (BSP) is one of President Rodrigo Duterte’s less controversial decisions and may ease investor concerns over the stability of one of Southeast Asia’s fastest growing economies.

The world’s largest sovereign wealth fund increasingly engages in activism over the governance of companies it invests in.

The Middle East is fertile ground for public-private partnerships, especially for infrastructure investment, but legal and economic conditions remain an obstacle, and governments are skeptical about PPP benefits for long-term projects. 

A dollar of infrastructure investment can raise GDP by 20 cents by boosting productivity, according to the McKinsey Global Institute.

Wins by Indian Prime Minster Narendra Modi’s ruling party in the month of March indicates strong support for his challenging reform plans

Last year the Gulf emirate of Dubai seized 1.6 billion dirham ($437 million) in counterfeit goods—a signal that the trading center has shed its reputation as a hub for illicit merchandise.

IBM has announced a blockchain initiative in the UAE for a trade finance and logistics project with Dubai Customs and Dubai Trade.

Which countries lead the global knowledge economy? At least one academic suggests that current assessments of a country’s knowledge base are too narrow and reliant on averages. In research to be presented in April at INSEAD, Kai Chan argues that a nation's brightest talent—not its average capabilities—determine its knowledge capacity.

Some saw November’s decision by OPEC to cut crude oil production as a turning point in the cartel’s credibility, but many question the durability of the deal. 

Low oil prices are forcing the country to build up other sectors—most notably healthcare—to shore up its ability to weather economic storms.

The president elect’s protectionist views on international trade suggest emerging markets will bear the brunt of radical changes in policy—assuming his rhetoric becomes reality. 

With Trump at the helm in the US, Philippine president Rodrigo Duterte's anti-American rhetoric may backfire. 

Saudi Arabia’s Public Investment Fund (PIF) has joined with Japan's SoftBank Group to  launch what could become a $100 billion fund to focus on technology investments. 

After several years of inactivity, the Gulf Cooperation Council (GCC) could see a spate of M&A deals in financial services. 

ASIA | The Asian Infrastructure Investment Bank began its efforts to finance Asia’s vast need for infrastructure this year. What are the prospects? 

Striving to shake its oil dependence, Kuwait is opening up to foreign ownership. Will investors bite?

ASIA | As the regional powerhouse restructures and tackles debt problems, neighboring nations are feeling the impact.

Sparkling office towers won’t draw business without the right policies.

Philippines
Investor unease over the future of the Philippines, one of Southeast Asia’s fastest-growing economies, has soared following Rodrigo Duterte’s landslide victory in the May presidential election.

On May 9, voters in the Philippines will elect a new president amid growing concerns over whether the strong legacy of president Benigno Aquino III will continue.

Islamic banking assets in the Middle East are growing, and opportunities abound for Islamic banks to participate in the digital banking revolution, but efforts so far are falling short of customer expectations.

Despite tightening liquidity in the Gulf banking sector, Bahrain’s largest lender reported robust profits in 2015. After leading a slew of product launches, AUB’s group CEO and managing director believes the bank’s prudent risk management will underpin its expansion. He spoke to Global Finance at the bank’s headquarters in Bahrain.

By any measure QNB has major ambitions. It is the largest bank in Qatar and one of the leading financial institutions in the Middle East and Africa. It does not stop there. QNB has set its sights on becoming a global bank by 2030. QNB’s group chief executive discusses with Global Finance the regional downturn, success in Africa and its plans for a global presence.

The Bank of Palestine traces its roots back to 1960. Political upheaval has punctuated the bank’s operating environment since its founding. The bank’s chairman and general manager shares his experiences with Global Finance. 

The Middle East is no stranger to political and economic uncertainty, but simmering religious and political tensions and stubbornly low oil prices have dealt the region a difficult hand. The question now is: How will countries play in order to win?