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Impact investing will boost global Islamic finance

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INTERNATIONAL

Impact investing and Islamic finance.

Green bond issuance will gradually grow in the Gulf

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GULF STATES

Meanwhile, in the United Arab Emirates (UAE), a surge in green issuance from Emirati banks highlights the growth in a debt market that can help fund efforts to mitigate and adapt…

Efforts to standardise Islamic finance will struggle

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INTERNATIONAL

The case highlights the dangers ‘Sharia risk’ poses for the 2-trillion-dollar Islamic finance industry. The issue is compounded by the variety of models of Sharia governance that…

Some Gulf banks may need to consolidate

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GULF STATES

His statement contrasts with broader regional trends. The six states of the Gulf Cooperation Council (GCC) have been overbanked for many years, but buoyant economies provided a…

Saudi capital spending allocations are on the rise

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SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Pakistan will be optimistic about its IMF talks

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PAKISTAN

Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…

Pakistan may struggle to retain IMF’s support

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PAKISTAN

He replaces Miftah Ismail, who played a key role in ensuring that Pakistan got its bailout programme with the IMF back on track after a hold-up. Dar faces a tough challenge to…

COP27 points to mixed progress on climate issues

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INTERNATIONAL

Issues of funding and accessibility were nevertheless left unresolved and efforts to phase out fossil fuels stalled. The latter issue looks set to become a major bone of…

Riyadh will lobby hard for removal from EU watchlist

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SAUDI ARABIA

The list includes Saudi Arabia and comes amid mounting criticism in Europe over Saudi domestic and foreign policy. It raises questions about the prospects for raising capital from…

Saudi Arabia will fall short of housing targets

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SAUDI ARABIA

The national housing deficit is estimated at 1.5 million homes, rising rapidly given the country's youthful demographic profile. This is an important government policy target…