Liquid Real Estate Issue 09
Al Madina A’Zarqa, one of Oman’s largest developments, is part of the Sultanate’s plans to diversify its oil-centric economy. This project has already fallen behind schedule. Richard Russell, its newly appointed chief executive, speaks to Chris Wright about getting back on track.
April 2009
At the beginning of the year Kuwait’s biggest investment company, Global Investment House, announced that it had defaulted on about $2.5 billion in debt. It became the first big financial institution in the Gulf to default since the credit crisis began. In an exclusive interview its chairwoman Maha Al Ghunaim tells Dominic O’Neill how she plans to turn the company’s fortunes around.
July 2009
Financial troubles are plaguing some of the Gulf’s most prominent families.
May 2009
Deutsche Bank retains top position for fifth consecutive year; Highest-ever turnover and client activity recorded in Euromoney’s industry benchmark survey.
April 2009
A wider client focus with an eventual move into retail banking to ensure more stable funding will follow the implementation of a new shareholder structure at Gulf International Bank.
July 2009
Debt restructurings are untested process; Demand for new sovereign sukuk still strong
July 2009