- Created on 01 May 2014 13:09
Dismissed as a fad in some quarters, Islamic finance flourished during the downturn and has emerged as a significant practice for both Middle East and international firms. How sustainable is the workflow and what lies ahead for the key players?
‘You can’t be a credible financial centre without having a credible Islamic finance programme,’ says Qudeer Latif, head of Clifford Chance’s global Islamic practice. With studies expecting the Muslim population to grow twice as fast as the non-Muslim demographic over the next 20 years global financial institutions and governments are falling over themselves to offer Islamic finance products.
- Created on 30 May 2013 09:00
The heat is returning to key Middle East markets as the effects of the Arab Spring dissipate. Legal Business reports on recent activity among international and domestic firms in the region
Post-banking crisis, the world has generally divided fairly neatly into two camps with their clear economic narratives. On one hand there are the Western economies burdened by slow growth and creaking public finances. On the other, are emerging powers in Asia, Latin America and Africa - which have mostly surged ahead while Europe staggered.
- Created on 31 October 2013 10:37
The dynamics of the fast-changing continent are rapidly shifting. As sub-Saharan states challenge South Africa’s regional dominance, Legal Business asks what the much-touted market will look like five years from now
‘I’m standing saying that those who miss the boat now, will miss it forever. So if you want to be in Africa, think about investing,’ said Nigerian finance minister, Ngozi Okonjo-Iweala, earlier this year in a public speech.
Before most foreigners had become bullish on Africa, Stephen Jennings, founder of Renaissance Capital, who successfully bet on the opportunities in post-Soviet Russia, put it more pithily when he was quoted in 2007 as saying: ‘If Russia was a once-in-a-lifetime opportunity, sub-Saharan Africa is a second once-in-a-lifetime opportunity.’
- Created on 01 May 2013 14:43
Latin America’s much-heralded rise took a pause in 2012 as Brazil slowed its rapid expansion and countries like Chile and Colombia came to the fore. Legal Business reports on the changing order in one of the most-touted global regions
After so much talk of the rise of Latin America since the 2008 banking crisis gripped Western economies, there is no doubt that 2012 felt like something of a disappointment.