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, ...

Emerging Markets: Middle East

Roundup   By Gordon Platt   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 ...

Emerging Markets: Middle East

Roundup   By Gordon Platt   ExxonMobil is first US company to win Iraq oil contract A joint venture of ExxonMobil and Royal Dutch Shell has clinched a $50 billion deal to develop one of Iraq’s biggest oil fields, the ...