Latest articles from Middle East

United Arab Emirates

January 2, 2006

National Bank of Abu Dhabi
Michael H Tomalin, CEO

Batten down the hatches

December 5, 2005

With Iran’s new president laying down the law on interest rates as well as hiring and firing the heads of many state banks, the sector is bracing itself for a stormy period. Gareth Smyth and Najmeh Bozorgmehr report from Tehran.

Focus on governance and consolidation

November 7, 2005

As Jordanian banks report an upturn, more attention is being paid to consolidation, governance and product range in efforts to strengthen the sector, writes Selwa Calderbank, with Jon Marks.

Mood of confidence permeates the market

November 7, 2005

Foreign banks are arriving in Kuwait at last, just as the Bank of Kuwait and Middle East takeover signals the domestic market’s renewed attraction, writes Paul Melly.
On October 2, HSBC Middle East became the second foreign bank to open its doors in Kuwait under the pilot liberalisation programme developed by the authorities in the past year.

Political events mark transitory year

November 7, 2005

Highly capitalised and with abundant liquidity, Lebanon’s top-tier banks remain optimistic about their prospects despite difficult political circumstances, writes James Gavin with Jon Mark.

Saudi’s new bond market beckons

November 7, 2005

The pace of Saudi capital market reform is quickening, with the establishment of a secondary market in government bonds, write James Gavin and Jon Marks.

A broader remit for microfinance

November 7, 2005

The Middle East is enjoying an investment boom but risks leaving the poor further behind. Microfinance can help to improve their prospects but it will take more than loans alone. Rula Dababneh explains.

Arab banks set to smash profits record again

November 7, 2005

Runaway profits at Arab financial institutions show no signs of slowing down, as this year’s Top 100 proves.

MAIN STORY: Hapoalim joins rush into Turkey with stake in C Bank

October 3, 2005

Israel’s biggest financial institution, Bank Hapoalim, announced on September 13 that it had signed a memorandum of understanding to acquire a 50% share in Turkey’s C Kredi ve Kalkinma Bankasi (C Bank) for $113m, with the aim of breaking into the lucrative Turkish mortgage and project finance markets.

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