FAST FINANCE Last week, volatility rose again when on Friday, US Federal Reserve chairwoman Janet Yellen reiterated that rates would likely rise before the end of 2015 despite its earlier delay on emerging market growth concerns. While developed markets are seeing some slowing growth as a result of Chinese economic worries ...
September 28, 2015mega
Fast Finance The US Federal Reserve will not raise interest rates, at least yet. Following the Fed’s announcement on Thursday, the dollar fell against many currencies (including MENASEA regional currencies that have been hammered as of late). To the extent that the Fed’s concern for Emerging Market turmoil allows it to ...
September 20, 2015mega
FAST FINANCE The surprise announcement that China would allow the renimbi to depreciate by 4.4%, thrust currencies into the spotlight. The term ‘currency war’ is back since it was popularized in 2010 by Brazil’s former finance minister Guido Mantega. Now, the competitive devaluations are spreading across the MENASEA region raising the ...
August 23, 2015mega
Fast Finance Last week marked the end of Renminbi’s twenty-one year old peg with the US dollar as Chinese Yuan fell by 4.4 percent. This move came at the back of weakened Chinese economy due to a drop in industrial production as well as a slackened demand for consumer products. Emerging ...
August 17, 2015mega
A report from Standard & Poor’s highlights an interesting development in sukuk markets in West Africa, in a report with several other interesting points. Towards the end of the report, it highlights that the Central Bank of West African States (BCEAO) is allowing Senegal’s sukuk to be used in repo transactions ...
August 13, 2015mega
FAST FINANCE As Brent crude falls below the $50/bbl, pressure rises on many oil exporters to finance rising budget deficits to preserve their investments saved up during years with higher prices. Saudi Arabia, in particular, is likely to be active in bond issuance and its SR 15bn ($4bn) issuance in ...
August 10, 2015mega
Fast Finance Talks over the Trans-Pacific Partnership stumbled and one of the sticking points deals with the Japanese auto supply chain which includes non-TPP countries like Thailand. The Japanese auto industry believes that strict rules about origin could harm it which show the complications of a regional approach to trade ...
August 3, 2015mega
Arab Petroleum Investments Corporation (APICORP), which invests in the Organization of Arab Petroleum Exporting Countries (OAPEC) countries’ energy sector, recently announced a $3 billion sukuk program that could transform the balance sheet of this smaller, lesser known Saudi multilateral development bank (MDB) as well as its future investment strategy. The ...
July 22, 2015mega
FAST FINANCE Following our special report on Iran before Eid, we follow up on the impact of the Iran agreement with the P5+1 on providers of export finance to the companies that will resume trading with the Islamic Republic and a look at growth in real estate investment by Iranians in ...
July 20, 2015mega
Dubai has made great strides towards being the center for sukuk listing globally. The total number of listed sukuk on NASDAQ Dubai and Dubai Financial Market accounts for $ 31.7 billion across 42 listed sukuk. Bursa Malaysia--which had previously been the most active—has the same number of listed sukuk ...
July 9, 2015mega