Latest articles from Middle East

Keeping cash clean

May 3, 2004

His Excellency Sultan bin Nasser al Suwaidi, governor of the central bank of the UAE, tells Nick Kochan that the fight against money laundering is not new.

Squaring up for business

May 3, 2004

Nick Kochan finds Dubai and Bahrain are competing hard for the region’s growing business opportunities.
The announcement in April of a new federal law governing Dubai’s embryonic financial centre heralds a battle royal between the Gulf states of Dubai and Bahrain. Dubai is the upstart in the imminent struggle, while Bahrain is more established but there can be no doubting Dubai’s enthusiasm, ambition and ‘can-do’ approach.

Bahraini banks buck global trend with impressive rise in profits

April 5, 2004

Profits at Bahrain’s locally incorporated banks more than doubled during 2003, compared with 2002.

Market upswing sees Saudi banks’ profits soar

April 5, 2004

The country’s financial sector is reaping the rewards of favourable market forces in the kingdom.

Israel determined to sell off two top banks by 2005

March 3, 2004

Israel’s finance minister Benjamin Netanyahu is prioritising the sale of the banks in which the government has controlling interests. He is intent on selling off Israel’s largest banks, Leumi and Discount, within the coming year and a half.

Saudi’s new laws set to send

March 3, 2004

Imminent changes in capital markets and insurance legislation will give the kingdom’s banks the chance to expand their capabilities.

Springboard for growth

March 3, 2004

Hopes are high that laws passed, but not yet implemented, will reshape the financial sector and open up business opportunities for banks in the kingdom. By Stephen Timewell in Riyadh.

Laying macro foundations

March 3, 2004

Saudi Arabia had a bumper year in 2003 and the economic outlook remains good. Jon Marks considers where opportunity lies for both the government and investors.

A clearer path for investors

March 3, 2004

Dr Nahed Taher discusses the necessity of corporate governance and potential impact of the new Saudi Capital Market Law.

Open for business

March 3, 2004

The dismantling of barriers to investment could result in foreign banks playing a bigger role in the economy, writes James Gavin.

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