Dubai’s banking sector has suffered a series of setbacks in the past few years. But with a series of new bond issuance from state-owned companies being met with high demand, and banks rolling out new mortgage products, 2011 has seen an upturn in the fortunes of the emirate.
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Libya seeks outside help to modernise banking sector
October 3, 2011Libya's former central bank governor tells how the country's uprising will lead to many opportunities for investors in the oil, tourism, mining and banking sectors, as long as there is a return to stability.
UBS pulls off niobium deal for Chinese consortium
October 3, 2011When Chinese investors sought to secure a supply of niobium metal, UBS had the unique challenge of coordinating five state-owned enterprises to a punishing timetable, all the while taking on board the differing needs of each enterprise.
Nigeria's Okonjo-Iweala vows to reform country's economy
October 3, 2011Ngozi Okonjo-Iweala’s recent appointment as Nigeria’s economic tsar has led to high expectations that the country can finally start to fulfil its vast potential. But, despite her intellect, boundless energy and standing among investors, the task is a daunting one.
Oil minister plans to show the world Iraq's potential
October 3, 2011The Iraq government’s plans to increase oil exports from 2.2 million barrels per day to 4 million opens up a wealth of investment opportunities. Oil minister Abdul Karim al-Luaibi tells Courtney Fingar what this could mean for the conflict-torn country.
Can Nigeria's new government lead it to prosperity?
October 3, 2011Nobody knows how many billions of dollars have been squandered by Nigerian officials since the country’s independence in 1960. By even the most conservative estimates, however, the scale of graft and bad governance has been staggering, meaning that Nigeria is still far from fulfilling its great economic potential.
New players capitalise on large bank woes in Kazakhstan
October 3, 2011A deluge of non-performing loans and deleveraging paint a bleak picture of Kazakhstan’s banking sector. But it is against this backdrop that smaller, second-tier banks, which follow much less aggressive strategies and are therefore in much healthier positions, can excel.
Should Qatar consolidate while the going's good?
October 3, 2011Qatar is one of the world's richest countries, and its banks are enjoying profitable returns across the board. However, there are concerns that the tiny country's banking sector is overcrowded and has too many regulators, leading for calls for consolidation in both areas.
Asset managers look to Asia as West still stalls
October 3, 2011As Western markets continue to falter, more and more asset managers are looking to Asia for growth opportunities. This is where Hong Kong – offering a Western business culture within the heart of China – has a significant advantage.
New leadership prompts high hopes for change in Nigeria
October 3, 2011Mismanagement and corruption have stifled Nigeria's economy for decades. But this year’s elections have given hope that its leaders will finally embark on the deep reforms needed to modernise the resource-rich country and enable it to finally fulfil its vast potential.