Latest articles from Middle East

Saudi’s strategy of diversification

August 7, 2006

The kingdom is to build a vast financial centre to service its growth and employment needs thereby avoiding the need to import expatriates, write James Gavin and Jon Marks.

Back to reality

August 7, 2006

United Arab Emirates banks face a descent from the dizzy heights of last year’s boom. By Richard Dean in Dubai.

Gulf banks are still marching

August 7, 2006

Despite the massive market correction earlier in the year, there is no sign of Gulf banks’ growth abating as they continue to reap the benefits of the region’s oil-fuelled bonanza. 

Western model with an Islamic heart

August 7, 2006

Patience and hard work is beginning to pay off for the founder and CEO of Unicorn Investment Bank, Majid Al Sayed Bader Al-Refai. Nick Kochan reports.

Confidence rebuilding

July 3, 2006

Saudi Arabia’s authorities have reacted to recent stock market falls by sacking their regulator and forging ahead with a new financial centre. Jon Marks explains.

Exceptional growth for Gulf

July 3, 2006

High oil prices and massive liquidity have continued to produce booming profits and exceptional growth for most Middle East banks, particularly those in the Gulf region.

Palestine out in the cold

July 3, 2006

Following the election of a Hamas government, the Palestine Authority has been isolated by the international financial community. Nick Kochan reports on the impact.

Émigré governor under pressure

June 5, 2006

David Lipkin reviews Stanley Fischer’s turbulent first year as governor of the Bank of Israel, and asks him about the future of the bank and the economy.

Catering for the needs of international financiers

June 5, 2006

Paul Melly in Doha reports on Goldman Sachs’ decision to set up in the Qatar Financial Centre, a purpose-built entity with its own regulatory regime as well as employment and immigration laws, entirely independent of the rest of the country.

Competition hots up for local custom

June 5, 2006

Although there has been considerable international focus on Qatar’s project finance boom, local banks are concentrating on an unprecedented retail boom, write Paul Melly and Eleanor Gillespie.

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