Latest articles from Middle East

Gulf banks enjoy bonanza

August 1, 2005

Gulf banks have continued to increase profits, reporting record profit growth in excess of 50% for the first half of 2005.

Resilient market proves its mettle

July 4, 2005

The Lebanese economy has survived yet another political crisis, write Jon Marks and James Gavin.

Central bank takes steps to control inflation

July 4, 2005

The Saudi Arabian Monetary Authority is trying to curb the surge in money supply in the economy but will prices be kept under control? Dr Nahed Taher reports.

Banks spread their wings

June 6, 2005

As the Gulf opens up and Islamic banking increases in popularity, Kuwait’s major banks are looking at opportunities beyond the country’s borders.

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.

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