Dealing with Dubai: The DFSA responds

David Knott, the current chief executive of the Dubai Financial Services Authority, argues that Ian Hay Davison's account does not represent the status of the regulator, which is well placed to play an important future role in finance in the Middle East.

The realities of emerging market CDS

As restructuring rather than default becomes the norm for credit events in the emerging markets, it is time for those involved in the market to reappraise the effects of distressed situations on credit default swap prices, argue Manmohan Singh and Jochen Andritzky

East or west, why local currency is best

Emerging-market and convergence investors have long since stopped buying hard-currency debt from the new European countries after their spreads converged with EU government levels, but the region's local-currency debt is attracting ever more inflows.

Iran's new guard rethinks investment strategy

As a new president takes office in Iran and deadlock hits talks with the European Union over Tehran's controversial nuclear programme, investors are pondering whether they should enter an economy that might soon be subject to sanctions.

Libya: Towards a liberalized economy

Governor of the Central Bank of Libya Ahmed Menesi talks to Kate Luxford about plans to prepare Libya's economy for a more competitive environment after privatization

Why Iraq's debt deal makes sense

Iraq's finance minister, Ali Allawi, argues that debt relief with its official and commercial creditors is crucial to restoring stability to the country

Kaupthing: Iceland's non-Icelandic bank

Now the country's largest banking group, Kaupthing argues that its aggressive acquisition spree overseas should lower rather than raise concerns about its foreign debt burden

Finland: OKO expands

Fortified by the strength of its retail operations, OKO has forged lucrative partnerships in eastern Europe and leveraged its strength in local bond markets.

Landsbanki expands the mix

Once a small real estate bank, Landsbanki is now trying to build business in new areas such as corporate finance.

Lebanon's path to growth and stability

Jihad Azour, Lebanon's finance minister, was director of UN Development Programme and World Bank projects at the ministry before his cabinet appointment in July 2005.

Dubai looks to mop up liquidity

Companies from Egypt to India and from Turkey to South Africa are hoping that the opening of the Dubai International Financial Exchange, set for the end of September, will open the doors to a vast well of unemployed petrodollars.

A new breed of borrower

Iranian shipping company NITC is a rarity: it's one of the few non-oil and gas companies in the Islamic Republic seeking funds in the international markets.

Tackling Tenaga

Malaysia's local electricity supplier is just one of the government-linked companies on Khazanah's books.

Syria opens for Lebanese banking

As Lebanese banks flush with liquidity devise regional expansion strategies, four of them have won licences to open affiliates in Syria's nascent privately owned banking sector.

C&EE: Engineering a debt management agency

Dragos Neacsu, a former civil engineer and latterly investment banker, has taken on the challenge of overcoming the many shortcomings of Romania's debt strategy from the foundations up.

Kazakhstan's bankers' banker

Grigorii Marchenko, chief executive of Halyk Bank and former governor of Kazakhstan's central bank, talks to Euromoney about bank capitalization, the development of consumer banking products, Kazakhstan's economic policy and the country's regional role.

Ramos aims to reinvent the republic

Such is the dearth of credible leadership in the Philippines that Filipinos, if they could, would probably vote former president Ramos back in by a landslide.

What next for Argentina?

Argentina has rebounded impressively from the 2002 crisis, but it still faces enormous risks and challenges.