- Abu Dhabi, Here We Come
HEADNOTE Two big design and construction-consulting firms strike it rich in foreign markets IMAGE PHOTOGRAPH 1 Millier designed this 1.2 million-sq.-ft. retail and entertainment complex in Suzhou, China. CONSTRUCTION BUDGETS around the state may still be tight, but some local firms are hitting pay dirt overseas. Happily counting their dirhams ......
- ABU DHABI - PROFILE - Obaid Bin Saif Al
Nasseri.
The UAE's Minister of Petroleum and Mineral Resources, Nasseri tries to co-ordinate petroleum policies among the seven emirates of the federation. But in OPEC or OAPEC meetings, he actually represents the emirate of Abu Dhabi. On the federal level, he is nominally in charge of the domestic petroleum market. The ......
- Profits With Principles
The Middle East-and particularly the GuIt Cooperation Council (GCC) countries-is awash with liquidity, which is being invested in traditional industries such as oil and gas but also nascent industry sectors such as real estate, construction, tourism, financial services and telecommunications. Alongside the investment renaissance that is occurring in the region ......
- Secondary Development
HEADNOTE As Islamic bonds become more popular, banks are creating a viable secondary market. IMAGE ILLUSTRATION 1 (ProQuest: ... denotes text missing in the original.) A surge in the issuance of sukuk, or Islamic bonds, and growing demand from global financial institutions and hedge funds for these issues has led ......
- Players Vie for a Prime Slice of a Promising Market
HEADNOTE Global and local banks are jostling for position in a rapidly growing and potentially lucrative market. Islamic banking is more than 20 years old, but the terrorist attacks on the World Trade Center in New York and the Pentagon in Washington, DC, and rising oil prices-which means there are ......
- Sharing In Risk And Reward
HEADNOTE The range of Islamic finance techniques is growing rapidly, but some are concerned that the most innovative products may be flouting shariah principles. IMAGE PHOTOGRAPH 1 While conventional financial markets are still reeling from the credit crunch, and the mega-mergers and large-scale financing deals that were once a headline ......
- Banks Prove Resistant to Regional Turmoil
HEADNOTE The banking industry in the Middle East is confounding pessimists and enjoying a broad-based growth surge. When the Middle East's major banks began announcing their 2003 results, manu an-alysts were predicting that the reports would make grim reading. They were spectacularly wrong. The war in Iraq failed to derail ......