Latest articles from Middle East

A transformed terrain for banks

June 6, 2005

The landscape of Kuwait’s banking sector is shifting, providing its participants with new opportunities. Stephen Timewell reports from Kuwait City on the banks’ strategies for growth and profit.
The highly profitable and comfortable world of Kuwaiti banking is now entering a period of radical transition as both market and regulatory forces begin to significantly reshape the industry.
The massive hike in oil revenues, the licensing of not only international and regional banks but also new Islamic banks, as well as Iraq’s huge potential, provide the banking sector with huge opportunities – along with stiff competitive challenges – in a new and very different operating environment.

View from the top

June 6, 2005

Sheikh Salem Abdul Aziz Al-Sabah, governor of the Central Bank of Kuwait, talks with Stephen Timewell.

Profitable prospects

June 6, 2005

Opportunities abound in Kuwait as its markets open and its banks and institutions become more outward looking. Stephen Timewell reports from Kuwait.

Gulf giants partner up

May 2, 2005

Banks from other Gulf states are sharing in Qatar’s fortunes via the M&A route.Will McSheehy reports.

Time share project uses sukuk financing concept

May 2, 2005

Farhan Bokhari reports on an innovative new real estate development in Saudi Arabia, which will run on the time-share principle and is being funded via Islamic financing.

Deutsche and ACIC team up for joint venture in Saudi Arabia

May 2, 2005

Deutsche Bank and Saudi Arabia’s Al Azizia Commercial Investment Company (ACIC) signed a joint proposal, in mid-April, for the establishment of an investment banking joint venture.

Cautious investors

May 2, 2005

The country has partially opened up share trading to foreigners but the response has not been overwhelming. Will McSheehy reports from Doha.

Open season

May 2, 2005

Changes to the law will soon allow conventional institutions to offer Islamic banking services, a move that the market is keenly anticipating. By Will McSheehy.

Enjoying its power

May 2, 2005

Qatar’s rich supply of natural gas and its investment-friendly policies attract plenty of competition from foreign and domestic players when it comes to project finance, as Will McSheehy reports from Doha.

Qatari model leads the pack

May 2, 2005

Qatar is deemed to be the most competitive Arab economy and a model for the region. The government is diversifying its income sources and the banks are vying for market share. By Will McSheehy in Doha.

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