Summit Notebook

Cure for lending constipation needed

October 19, 2010

DUBAI/ Yes, the market for IPOs is opening up, investors are regaining confidence and the worst seems to be over, but challenges are still looming and there’s a dire need for a change in regulation. Or so suggested Shuaa Capitals’ chief Sameer al-Ansari.

No bonds for Arabtec; not for now anyway

October 18, 2010

MIDEAST-SUMMIT/ARABTEC Just to be clear, Arabtec is not considering a convertible bond issue.

The builder has no need for funds and has adequate access to capital if needed. But nonetheless its chief financial officer Ziad Makhzoumi is watching the region’s increasing capital raising activities with interest.

Is investor confidence returning to the Middle East?

October 18, 2010

UNITED ARAB EMIRATES/A recovery in the Middle East and the prospects for investment are on the agenda at the Reuters Middle East and Investment Summit, taking place in Dubai, Riyadh, Cairo, Kuwait, Beirut, Bagdad, Abu Dhabi and London.

Awaiting the alternative energy sukuk: Innovation vs conservatism

February 19, 2010

MANAMA, Feb 18 (Reuters) – Dubai’s debt fiasco and real estate bubble bust pushes investors to look out for alternative assets underlying Islamic finance products – could renewable energy provide a way-out?

Is Islamic banking truly sharia-compliant?

February 16, 2010

Manama, Bahrain Feb. 16  - The Islamic finance industry has a problem. Its main selling point is that it is sharia-compliant, meaning it adheres to Islam’s prohibition of interest and avoids dealing with forbidden sectors such as alcohol and gambling.

Islamic Banking & Finance to attract new attention in 2010

February 12, 2010

Islamic banking is one of the world’s fastest growing financial sectors, according to industry estimates. It has attracted more attention in the aftermath of the global financial crisis as investors are increasingly looking for alternative, ethical ways of investing. This has also intensified a debate within the industry on whether it should move further away from conventional banking, designing products based more directly on Islamic principles.

Dubai returns to fixed income sphere

October 28, 2009

Dubai returns to the fixed-income sphere for the first time in more than a year after raising about $2 billion from dirham and dollar-denominated Islamic bonds.

Green shoots and short attention spans

October 26, 2009

Coming out of one of the darkest recessions, have we learned the lesson at all? Or are we going to repeat the mistakes of the past again?

Being socially responsible investor in the Gulf

October 26, 2009

Socially responsible investing, which takes into account social, environmental and governance risks, is arguably still in its infancy in the Gulf, where the enormous wealth created by hydrocarbons sometimes flows into extravagant projects like an indoor ski resort.

Video – What’s ahead for the Middle East?

October 26, 2009

Gulf Arab states have awed the West with six years of breakneck growth fueled by record oil prices and a real estate boom.