Middle East: The Gulf's banks improve their Asia focus

Middle East: The Gulf's banks improve their Asia focus

March 25, 2019
By ELLIOT WILSON

Asia’s importance in global trade, helped by China’s ideas, innovation and growth and allied to the Middle East’s drive to improve living standards and diversify should profit every regional bank.

The Middle East’s Best Banks for Asia 2019

The Middle East’s Best Banks for Asia 2019

March 25, 2019

Asia’s importance in global trade, helped by China’s ideas, innovation and growth and allied to the Middle East’s drive to improve living standards and diversify should profit every regional bank.

The Middle East across the decades

The Middle East across the decades

March 07, 2019

Working in Beirut in 1974 was a formative experience for Padraic Fallon, the long-serving editor and later chairman of Euromoney, and since then the magazine has set the standard for coverage of this often misunderstood region.

Can the Gulf break the habit of half a century?

Can the Gulf break the habit of half a century?

March 05, 2019
By DOMINIC O'NEILL

Less than five years after Euromoney began, the Arab oil embargo gave international finance a shot in the arm and provided an extraordinary windfall to the Gulf, but as the oil boom has repeatedly turned to bust, commodity cycles have laid bare the vacuity of the region’s diversification programmes. Today, with local populations expanding, harder and less stable times could lie ahead if the region does not take more drastic action – even when oil prices bounce back.

Middle East: Leaders who guided a region through 50 turbulent years

Middle East: Leaders who guided a region through 50 turbulent years

March 05, 2019
By NIGEL DUDLEY

Over 50 years, leaders of Middle East financial institutions have steered their businesses through very good and very bad times, including oil price crashes, rampant property and stock speculation, and war. Some key figures highlight the events they remember most and spell out lessons for the next generation.

Banking for a modern Middle East

Banking for a modern Middle East

March 05, 2019
By OLIVIER HOLMEY

The region’s banks used to be small, local and low-tech – many still are – but in the future they will be altogether different beasts.

Middle East: Banking in an age of conflict

Middle East: Banking in an age of conflict

March 05, 2019
By OLIVIER HOLMEY

War and revolution have shaped the Middle East’s recent history and have left their mark on the banking sector. Senior bankers reflect on the role crisis has played in their careers and on the region’s financial system.

Middle East: Has Islamic banking set a new standard?

Middle East: Has Islamic banking set a new standard?

March 05, 2019
By DOMINIC DUDLEY

Islamic finance has come a long way over the past few decades, maturing into a $2.4 trillion industry, but some long-term problems remain and the recent wrangle over a Dana Gas sukuk shows credibility is still an issue.

Quick read: The Afren scandal and the banks that let it happen

Quick read: The Afren scandal and the banks that let it happen

February 04, 2019

A recent criminal trial in London has revealed how banking negligence enabled a multi-million dollar fraud at the now defunct oil company Afren. Read on for a guide to Olivier Holmey’s feature in the February issue of Euromoney examining the errors made and what the financial sector can learn from them.

Afren criminal trial lays banking weaknesses bare

Afren criminal trial lays banking weaknesses bare

February 04, 2019
By OLIVIER HOLMEY

A string of due-diligence shortcomings enabled the international fraud that sapped investor confidence in once-booming London-listed oil firm Afren – and has also now led to jail time for its two top executives. What lessons can the banking industry learn from the failings laid bare in the court proceedings?

Gulf country risk: Qatar, Saudi Arabia on shakier ground

Gulf country risk: Qatar, Saudi Arabia on shakier ground

February 01, 2019
By JEREMY WELTMAN

Prospects are improving, but the negative impact of Qatar’s isolation, given oil price volatility and the lack of diversification, has removed the cushion of safety the region took for granted.

Africa: Access bites big and fast with Diamond

Africa: Access bites big and fast with Diamond

January 25, 2019
By OLIVIER HOLMEY

Herbert Wigwe, CEO of Access Bank, says his institution’s announced merger with Diamond Bank will not only make it Africa’s largest bank by customers but also give it the potential to double its client base within just two or three years.

QNB: Strained but undefeated

QNB: Strained but undefeated

January 08, 2019

Regional difficulties have tested QNB’s resilience, but the bank has managed to consolidate its position at home and maintain its international strength.

Africa: Why Djibouti’s China debt is raising the alarm

Africa: Why Djibouti’s China debt is raising the alarm

January 07, 2019
By CHRIS WRIGHT

Warning sirens are sounding about the level of debt Djibouti owes to China for Belt and Road projects. The local view is that they need the money and China is the country that is offering it. But the fate of the Djibouti-Addis Ababa railway represents the financial challenges of BRI in a 756-kilometre microcosm.

Banking: How long can Iran hold?

Banking: How long can Iran hold?

December 03, 2018
By OLIVIER HOLMEY

The Trump administration has begun the process of ostracizing Iranian finance. Bankers there are hanging on to some rare good news, but how long will it be till they are back to square one?

Africa eyes moment of free-trade transformation

Africa eyes moment of free-trade transformation

December 03, 2018
By KANIKA SAIGAL

The continent is implementing the African Continental Free Trade Agreement to boost intra-regional trade, economic growth and industrialization, but can 54 countries overcome so many obstacles and ratify the agreement?

African IPOs: A drought or a deluge?

African IPOs: A drought or a deluge?

November 30, 2018
By KANIKA SAIGAL

Bankers believe that Vivo Energy’s dual listing in May has opened the taps on the IPO pipeline in Africa, but with primary equity markets suffering globally, is the continent really an exception?

Banking: Mutual interests bind the Middle East to Asia

Banking: Mutual interests bind the Middle East to Asia

November 29, 2018
By OLIVIER HOLMEY

Developments in the Gulf’s markets are increasingly being driven by the presence of Asian – and especially Chinese – banks, so no wonder rival financial centres in the region are competing for a bigger slice of the pie.