Latest articles from Middle East

Malaysian model

October 3, 2005

Malaysia is providing the world with a model for Islamic finance that is worth emulating. So why has it not become a significant global player? Farhan Bokhari finds out what is holding it back.

Big banks are branching out

October 3, 2005

As demand for Islamic banking grows and investors flush with liquidity seek to invest in Pakistan, big mainstream banks are strengthening their sharia-compliant offerings and opening dedicated branches.Farhan Bokharireports from Islamabad.
Syed Ali Raza, president of the National Bank of Pakistan, is reminded of his bank’s increasing involvement in Islamic banking as he drives in to his office premises every morning.

Wanted: more sharia bankers

October 3, 2005

As Islamic banks expand and become more mainstream, the demand for Islamic scholars with banking knowledge is skyrocketing, reports Will McSheehy in Dubai.

New industry’s credibility grows

October 3, 2005

The Islamic banking and finance industry is growing fast and, despite the relatively small players, big deals are being done, not least in project finance.Will McSheehy reports from Dubai.

New Riches- How China and the GCC will spend their megabucks

October 3, 2005

Bankers are already on the case of how China’s and the Gulf States’ huge reserves of foreign exchange can be put to best use.Stephen Timewell reports.

Winning hearts and minds?

September 5, 2005

When the creation of the DIFX was first mooted, sceptics questioned the need for it – and if it would ever make it off the drawing board. Elizabeth Jackson-Moore explains why her doubts have been replaced with hopes.

Footprint grows

September 5, 2005

Audacious plan comes to fruition

September 5, 2005

The Dubai International Financial Exchange, part of an ambitious plan for a rival to the great financial centres of the world, must now prove its market model will work in practice.Mark Fisher reports.

Leading light

September 5, 2005

The Dubai International Financial Exchange plans to become the foremost exchange in the Gulf, based on globally recognised standards.Will McSheehy reports.

Ahli United acquires BKME

September 5, 2005

Bahrain-based Ahli United Bank (AUB) has strengthened its role as a major player in the Gulf by acquiring a majority stake in the Bank of Kuwait & the Middle East (BKME), the seventh largest bank in Kuwait.

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.