From financially motivated cyber crime to politically influenced cyber warfare, the virtual threats to financial institutions are multiplying. Companies must respond by arming themselves against such attacks or else they risk losing their footing on the new digital battleground.
Latest articles from Middle East
Qatar Investment Fund is overcoming the traditional hurdles to investment in Qatar, allowing investors to tap the country’s stellar growth, its chairman tells James King.
Having been upgraded from frontier to emerging market status by Morgan Stanley Capital International, Qatar and the United Arab Emirates are certain to see increasing levels of investor interest, but they are also likely to be confronted with some new challenges.
Not satisfied with being the number one bank in the Middle East, Qatar National Bank is looking further afield as it seeks higher growth opportunities outside Qatar. Its acting group chief executive speaks to James King.
Gulf lenders continue to drive the performance of Middle Eastern banks, recording impressive growth in this year's rankings. Elsewhere, Iranian banks are making sizeable gains.
Growth may be buoyant but that by no means makes managing the Qatari economy an easy task. Central bank governor Sheikh Abdulla Bin Saoud Al-Thani describes the steps that he has taken to make sure that such growth is sustained in the medium and long term.
Observers are already predicting that 2014 will be a record-breaking year for sukuk issuance. While the majority of deals are currently coming out of Malaysia, CIMB Islamic's CEO believes that developments in the pipeline will see the asset class grow its international presence.
Qatar's gross domestic product growth may be envied by much of the rest of the world, but the country's finance minister is not blinkered by the country's current economic success. As he explains to The Banker, the need to diversify the hydrocarbon-reliant economy is great, which is why he has just announced a record-breaking budget to this end.
As the Qatari economy has contracted in recent years, the country's banks have developed their own niches in order to remain profitable in what has become an increasingly competitive market.
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