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Inside this issue
• London is leading the west in the fast-growing area of Islamic banking
• The region’s biggest private equity players will be affected by market dislocations despite their optimism - -
Content
Ambitions scaled back as crisis spreads
But the region should suffer less than many others, writes Roula Khalaf
Banking: Upheaval likely as global turmoil spreads
The industry faces a wake-up call after a period of rapid expansion, writes Robin Wigglesworth
BNP Paribas: Core sectors seen as safe havens
French bank chief sees opportunities in the slowdown says Simeon Kerr
International banks: Gulf states diversify away from their old ties
Asian, Russian and Latin American institutions are setting up shop, says Simeon Kerr
Private equity: Credit crunch deflects upward trajectory
But stronger players will be able to pick up some bargains, writes Robin Wigglesworth
Makram Azar: US veteran eyes financial companies
The KKR chief has worked fast, says Robin Wigglesworth
North Africa: Rush to build slows as squeeze tightens
Real estate, tourism and infrastructure plans have faltered, writes Heba Saleh
Private banks win in younger markets
More needs to be done in Syria and Libya before the sectors can be said to be genuinely liberalised, write Andrew England and Najmeh Bozorgmehr
Saudi Arabia: Foreign investors key to plans
Abeer Allam on reforms in one of the region’s worst performers
Insurance: Lure of high growth draws in outsiders
The overall market is growing in spite of the turmoil, says Andrea Felsted
