EM Regional Review: Middle East

    THE ARAB SPRING’S COSTS AND CONSEQUENCES   By Gordon Platt Countries in the region are evaluating the economic outcome of social and political upheaval—both the opportunities and the challenges.   Commercial International Bank, Egypt’s largest private sector bank, ...

Fischer Still Seeking New Employment

NEWSMAKERS: ISRAEL   By David Lipkin   Former French finance minister Christine Lagarde may have secured the top job at the Washington-based International Monetary Fund (IMF), but some fund insiders are still gunning for Stanley Fischer, governor of the Central ...

Emerging Markets Roundup: Middle East

DUBAI’S NEW BUSINESS LAW COULD STIMULATE INVESTMENT   By Gordon Platt   A new law governing corporate activity in the UAE should cut red tape for investors and make it easier for companies operating in the emirate’s free zones to ...

Country Report: Lebanon

WAIT AND SEE   By Justin Keay   Lebanon has tumbled from its economic boom in 2010. Investors are holding back to see how the new government fares. So far, its reform progress is less than impressive. But with the ...

Country Report: Israel

RESPONSIBILITY AND REFORM   By Gilly Wright   Responsible fiscal and monetary policies and a host of reforms aimed at liberalizing the economy have allowed Israel to become one of the world’s most attractive places for foreign investment. But change ...

Emerging Markets Roundup: Middle East

BAHRAIN: PROTESTS IMPACT THE ECONOMY   By Gordon Platt   Political unrest in Bahrain in February and March may have cost the economy as much as $2 billion.   New governor at Dubai International Financial Centre Essam Fakhro, chairman of the ...

GCC: Big Changes Loom

GCC REGIONAL REPORT: MARKING A MILESTONE   By Gordon Platt   The regional group faces new challenges as it celebrates its 30th anniversary.   The Gulf Cooperation Council (GCC) celebrated its 30th anniversary on May 25 with quiet flag-raising ceremonies ...

ME: Lebanon’s Future Uncertain

EMERGING MARKETS ROUNDUP: MIDDLE EAST   by Gordon Platt   After five months of political wrangling, Lebanon’s prime minister Najib Mikati on June 13 announced a new government led by the Shiite Hezbollah movement, giving Syria and Iran renewed influence ...

Regional Report: GCC

GUNS AND BUTTER   The GCC (Gulf Cooperation Council) countries, led by Saudi Arabia, will spend $120 billion over the next few years to buy advanced fighter planes and anti-missile defense systems. They are spending even larger sums to placate ...