Latest articles from Middle East

The Islamic liquidity management quest

November 1, 2013

While IILM's debut issuance of a $490m sukuk in August was a significant milestone for Islamic finance, it will barely dent the industry’s short-term liquidity management issues, which are hampering growth.

Islamic banks weather the storm

November 1, 2013

While costs have not changed much for the top 25 Islamic standalone banks between 2006 and 2012, returns have dropped significantly. The Banker takes an overview of the key factors determining their operational efficiency.

Slower and steadier: the new stage of Islamic finance

October 18, 2013

The Banker's annual Top Islamic Financial Institutions ranking shows that growth has dropped into single digits for the first time since the ranking began. This, combined with the restructuring of sharia-compliant operations at major players such as HSBC, shows an industry that is entering a new phase of maturity; a phase that is, however, still rich with opportunity.

Gulf sovereign wealth funds

Gulf SWFs look to move with the times

October 1, 2013

The Gulf’s sovereign wealth funds have grown in size and influence, adapting to market forces and taking advantage of the global financial crisis. But just how are they generating returns in the current economic climate?

Emerging markets look to SWFs for stability

October 1, 2013

A new generation of sovereign wealth funds – from resource-rich economies in Africa and Latin America – has emerged over the past few years. While these new funds are still relatively small, their impact could be sizable if they enable their source countries to secure stable economic growth and mitigate future risks associated with the booms and busts of the commodity cycle.

Arab banks show clean bill of health

Top 100 Arab banks ranking, 2013: Clean bill of health

October 1, 2013

The Arab world has captured the wrong kind of attention in recent years as the Arab Spring uprisings and their aftermath have dominated global headlines. However, The Banker's Top 100 Arab Banks rankings show a banking industry that is well capitalised and well run.

Sultan bin Nasser Al-Suwaidi

UAE CBG looks to utilise macroprudential toolkit

October 1, 2013

The central bank governor of the United Arab Emirates says the country is looking to the tools in its macroprudential toolkit to increase the economy’s resilience to any future shocks. 

Rachel Ziemba

Mena moves beyond muddling through

October 1, 2013

Countries in the Middle East and north Africa are muddling through as they respond to the chaos brought about by the Arab Spring. So what can they do to increase growth and improve their business environment?

Dubai climbs GTS ladder

Dubai climbs GTS ladder

September 2, 2013

As Dubai has grown, so has its role in the global transaction services industry, with the emirate now serving as the nerve centre of all trade taking place across the Middle East and north Africa. And as Dubai sets out its stall to become the next renminbi hub, this role only looks set to grow.

A stronger UAE seeks to learn from past lessons

A stronger UAE seeks to learn from past lessons

September 2, 2013

Investor confidence in the United Arab Emirates has returned to a position of strength, posting impressive profits on the back of GDP growth. However, the country's central bank is pushing through legislation to prevent a repeat of the mistakes that led to its economic collapse in 2009.

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