September 2003
| Euromoney September 2003 - Boutiques revive a reviled industry
- Consensus-shy Violy starts afresh
Schadenfreude greeted the demise earlier this year of Violy Byorum & Partners. Founder Violy McCausland's uncompromising style had irked those inside and outside the firm. Now she's trying again, this time on her own. - The new advisers reinventing investment banks
- The new fund managers
- Specialists
Promontory Financial; Scalene Capital Management; USPowergen; Recovery Partners; Schechter & Co; Van Oss - Emerging markets
- Technology firms
|
Euromoney September 2003
As the world biggest buyer of emerging-market debt, Pimco's Mohamed El-Erian feels free to lean on banks - cajoling them into not selling new issues to hedge funds, refusing to be bumped into upsized deals and undermining issues that look set to damage his fund's investments.
Euromoney September 2003
Although logistics suggest that regional companies should play a major part in reconstructing Iraq, hopes of big gains have had to be scaled down. In some areas, such as telecoms, the odds look to have been stacked against Arab firms.
Euromoney September 2003
A cabinet reshuffle should revive Saudi Arabia's economic reforms, with a new capital market law pending.
Euromoney September 2003
Saudi Arabia is making progress in restructuring its economy, but keeping up to speed a move away from dependence on oil itself rests on high oil prices and low interest rates.
Euromoney September 2003
Ibrahim bin Abdulaziz Al-Assaf, Saudi Arabia's minister of finance and national economy since 1996, has steered the economy through a difficult period. He has played a leading role in the modernization, diversification and liberalization of the Saudi economy and managed its finances prudently in a period in which oil prices have swung between $10 and $30 a barrel.
Al-Assaf, a 54-year old economist who has served as the country's executive director at the World Bank for six years and as vice-governor of the Saudi Arabian Monetary Agency (Sama) and wins Euromoney's finance minister of the year award for 2003, spoke to Nigel Dudley in his office in Riyadh.
Euromoney September 2003
A new capital markets law, continued privatization and an eventual opening up to foreign investors should boost Saudi Arabia's equity market.
Euromoney September 2003
With Islamic banking business growing faster than more conventional financial services, competition to provide new products is heating up.
Euromoney September 2003
After a weak 2001, most Arab banks enjoyed little pick-up in their fortunes in 2002. However, early results in 2003 suggest that the tide may be turning.
Euromoney September 2003
Significant new oil finds and the completion of several large liquefied natural gas projects will shortly give Egypt's hard-currency earnings a much needed boost. However, continued fiscal and regulatory reform is needed if Cairo is to succeed in creating sustainable and broadly based economic growth.
Euromoney September 2003
A growing number of companies are realizing that there is a large pool of cash in the Islamic world that they may be able to tap into to diversify their funding sources and lower their financing costs. However, they must be willing to embrace Shariah-compliant structures.
Euromoney September 2003
Euromoney September 2003
After two years' frantic activity and expenditure banks are still struggling to understand, let alone control, terrorist financing. Governments have failed to support the financial community with resources, skills and systems. The implications for global security are alarming.
Euromoney September 2003
Euromoney September 2003
Debt capital markets is one area of European banking that is hiring rather than firing. But most of the new jobs are at banks still building a presence, and it is only skilled, experienced staff that they are after at modest cost.
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Bankers are grateful for the bouyancy of the debt capital markets. But they are not letting the rush of business impede their efforts to broaden the range of products they offer clients and cut out unfruitful relationship banking.
Euromoney September 2003
As Duma and presidential elections loom, the two main Kremlin political factions are vying for control of Russia's development.
Euromoney September 2003
The start of the political season in Russia has capped the wild upswing in the country's equity market but not brought share prices crashing to the ground. Predictions of quiet growth based on a growing equity culture still seem apt.
Euromoney September 2003
Strong growth and enhanced political stability appear to have broken down the barriers to foreign investment in Russia. But since much of what flows is disguised in various ways, it's hard to state precise figures.
Euromoney September 2003
The Kremlin is in two minds about Gazprom. It's a monolithic tool of Russian geopolitics but there are also plans to make it part of a more diversified, liberalized energy industry.
Euromoney September 2003
Russia's richest businessmen have set themselves a new objective - the acquisition of foreign enterprises for pleasure, profit and expertise.
Euromoney September 2003
The emerging-market bond bubble may be close to bursting as the US economy shows signs of picking up and bondholders digest a recent rise in yields. It means investors will have to dig harder for opportunities in the CEE region.
Euromoney September 2003
The murder of prime minister Zoran Djindjic and the ousting of central bank governor Mladjan Dinkic hurt Serbia's free-market reforms. Now the government's hopes lie in privatization.
Euromoney September 2003
If Kazakhstan's success in making the transition from Soviet planned economy to free market is anything to go by, it has a better chance than many oil-rich economies of successfully harnessing its wealth.
Euromoney September 2003
After falling out with the US over access to Iraq, Turkey is regaining favour with the west as its economy revives. Its long-term goal is EU membership, but how far away does that target remain?
Euromoney September 2003
Turkish banks' dependence on earnings from treasury bills has put them in the same ramshackle boat as the government and rendered them apathetic towards innovation and consolidation.
Euromoney September 2003
Euromoney September 2003
Results of Euromoney's corporate governance poll suggest that the efforts a company makes to ensure appropriate practices are reflected in its share price.
Euromoney September 2003
Politicians in the US and Japan are blaming the low value of the Chinese renminbi for all manner of economic ills in their countries and pressing for its revaluation upwards. Yet many of their own manufacturers are benefiting greatly from the low manufacturing costs in China. Speculators will win if the renminbi rises.
Euromoney September 2003
Fixed-asset investment in China is growing faster than demand, creating overcapacity that may never be drained no matter how fast exports grow. A new burden of potential non-performing loans could be accreting as a result.
Euromoney September 2003
China's A-share market has such a shady reputation that foreign investors might have been expected to revel in their exclusion from it. But its recent opening to outside institutional investors has been greeted with enthusiasm.
Euromoney September 2003
Euromoney September 2003
It has been a gloomy year so far for the Philippines, a nation mired in corruption whose administration recently faced a mutiny by disaffected soldiers. But a recent court ruling against one of former dictator Ferdinand Marcos's closest allies may offer a glimmer of hope that this country can save itself after all.
Euromoney September 2003
Raghuram Rajan, the new IMF chief economist, talks to Euromoney's Julian Evans about controlling special interests, IMF reform, and the difficulties of instituting market democracy in Iraq.
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
All numbers in this directory are Dubai area code prefix (04) unless stated otherwise. If dialling from abroad prefix the number with country code (+971 4). If you have difficulty with the numbers listed below, please call directory enquiries on (04) 180, or refer to your domestic international directory enquiries service if calling from overseas. While numbers are subject to change, we have made every effort to ensure the information in this handbook is correct.
Euromoney September 2003
An advocate of privatization and foreign investment, Ibrahim Abdulaziz Al-Assaf is a key figure in economic change in Saudi Arabia.
Euromoney September 2003
National Bank of Kazakhstan's governor, Grigori Marchenko, won't say it, but he has been the main influence behind his country's widely acclaimed economic success story.
Euromoney September 2003
Country risk index: East Asia continues to lead the growth pack, but offers significant risk; Turkey is - once again - at a turning point; and Africa continues to be unsettled, but with less risk of inter-country contagion.
Euromoney September 2003
Latin America's poor economic performance in the past decade has overturned analysts' judgements that getting rid of the region's dictatorships and introducing free-market reforms would clear the path to sustainable economic growth.
Euromoney September 2003
With inflation falling in Brazil, the days when banks could grow fat on government paper are almost over. New business lines, consolidation and retrenchment are high on the agenda and there are persistent rumours that Citibank will beef up its presence in Latin America's biggest economy.
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Euromoney September 2003
Property consultant