Finance
Middle East finance news and analysis, tenders, contracts awarded, commentary and economic data.
News
Saudi private sector credit growth levels off
Rising deposits and slower credit growth will put banks under additional pressure to lend
Project Finance News
QP and Shell seek adviser for $6.4bn petrochemicals scheme
Banks pitching to advise on fundraising for huge olefins scheme
Special Reports
Banking Special Report: The next step for Islamic finance
Welcome signs that the sharia banking sector is entering a new age of maturity
Banking Special Report: Provisioning impacts Islamic banks
The flurry of interest from banks keen to open Islamic banking branches in Oman, following a royal decree issued by Sultan Qaboos in May, shows that the sector remains an attractive prospect for many financial institutions
Analysis
Project finance faces a tough year
The Eurozone crisis and a lack of alternative funding sources mean 2012 is likely to be slow for deals
Business Close-up
Commercial International Bank
The Egyptian lender is trying to grab market share while political uncertainty weighs on the economy
Supplement
Optimism gives way to caution in the finance sector
Unrest in the region and Europe’s debt crisis have dampened activity in the bond and loan markets
Finance Contacts
Khaled Mohammed al-Aboodi
Khaled Mohammed al-Aboodi is chief executive officer and general manager, Islamic Corporation for the Development of the private sector
Ibrahim Fahad al-Ghofaily
Ibrahim Fahad al-Ghofaily is partner for international Islamic finance, BDO
Abdulrazzak Mohammed Elkhraijy
Abdulrazzak Mohammed Elkhraijy is head of Islamic banking development group, National Commercial Bank (NCB)
Khalid al-Jasser
Khalid al-Jasser is CEO, Bank Albilad
Abdullah Sulaiman al-Rajhi
Abdullah Sulaiman al-Rajhi is CEO, Al-Rajhi Bank
Mutlaq al-Morished
Mutlaq al-Morished is chief financial officer, Saudi Basic Industries Corporation (Sabic)
Comment
Saudi liquidity to benefit borrowers
Downward pressure on pricing in the local market is likely to continue, making loans even more attractive
Bond Market News
Saudi private sector credit growth levels off
Rising deposits and slower credit growth will put banks under additional pressure to lend
Islamic Finance
Gaca launches sukuk to fund Jeddah airport project
Saudi aviation authority raising $2.7bn in first tranche
MEED Events
MEED List
Saudi Islamic finance
Six key individuals leading the development of Islamic finance in the kingdom: Khaled Mohammed al-Aboodi,Ibrahim Fahad al-Ghofaily, Abdulrazzak Mohammed Elkhraijy, Khalid al-Jasser, Abdullah Sulaiman al-Rajhi and Mutlaq al-Morished
Yearbook 2011: Banking & Finance outlook - Loosening the credit squeeze in the Middle East
Problems remain to be faced, but borrowers should find it easier to get access to credit in 2011
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