North African States Exposed To EU

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Morocco, Egypt, Libya and Algeria are at high risk to a Eurozone meltdown, but Gulf states hardly have reason to be complacent, according to new research. CONTINUE READING

Rise of Arab Social Media(0)

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ansik / Foter

The UAE has more than a million LinkedIn users, Egypt has a quarter of the region’s Facebook users and the most popular for Twitter was Bahrain, according to latest data. And guess which brand was the most popular among UAE Facebook users? CONTINUE READING

Mushtaq Parker Interview Part II: What Makes A Good Islamic Banker?(0)

By Rushdi Siddiqui, Global Head of Islamic Finance, Thomson Reuters

Will the “truth” set Islamic banking free from the “cheer-leading reins” that may be holding it back from authenticity-cum-innovation?

Mushtak Parker provides his insights on a successful Islamic banker and institution and some of the milestones of the industry.
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Morsi’s Moment(0)

In a brilliant stroke, Egyptian President Mohammed Morsi removed and retired Field Marshal Hussein Tantawi, the defence minister and the leading Supreme Council of armed Forces figure, apart from heads of the navy, airforce and air defence. In addition, Lieutenant General Sami Enan also stepped down as the Army’s Chief-of- Staff. CONTINUE READING

Egypt’s Banks: A Better 2013?(0)

With politics dictating Egypt’s economy, analysts expect the banking sector to recover only by next year. Also, can Egyptian banks survive a devaluation of the pound? CONTINUE READING

Qandil Who?(0)

As Egyptians Google the name of their unknown Prime Minister to find out more about him, the economic ills of the country are well-known to all. CONTINUE READING

SPECIAL COMMENT: Ramadan Wish List For Islamic Finance(0)

By Rushdi Siddiqui, Global Head of Islamic Finance, Thomson Reuters

The Goal: The central issue is about the industry controlling its own destiny

“Behind every success is endeavour… behind endeavour, ability… behind ability, knowledge… behind knowledge, a seeker ….” Unknown.

As the blessed month of Ramadan arrives, here is my “seeking” list for Islamic finance. It’s not about another voice asking when the International Islamic Liquidity Management Corporation (IILM) will issue its first paper or disagreeing with CIMB Group CEO Datuk Seri Nazir Razak’s comment on “rolling back” government’s involvement in business, but more to do with controlling our own Islamic finance manifest destiny.
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World’s Best Performing Markets In H1 2012(0)

After a rollicking start to the year, most Middle East markets joined the global economic doom. But Egypt was a standout and was the world’s second best performing market in the first half. CONTINUE READING

Morsi: Uniter Or Divider?(0)

S&P may have been quick to put Egypt’s sovereign rating on negative watch, but as the Egyptian bourse highlighted with a 7.5% rise, the election of Mohamed Morsi should be seen as progress and a step forward for the country – despite the challenges ahead…. CONTINUE READING

Egypt’s fiscal trap(0)

EFG expects the economy to post a 3% growth this year, after contracting nearly 1% in 2011. But it has largely been a jobless recovery as unemployment stands at a decade high of little over 12%. READ MORE HERE