Morocco plans this year to allow Islamic banking for the first time as the only North African nation with an investment-grade rating at Standard & Poor’s seeks to tap the $1.7 trillion industry.
Oman’s Blue City, a $20 billion real estate project central to the country’s economic transformation, is on the brink of liquidation and its fate may hinge on talks between bondholders trying to salvage their investment.
Dubai, gearing up for a new development boom, will need to prove to lenders and investors that this one won’t end like the last.
Gary Seabrook is busy tripling capacity at the paint business he runs near the Dubai port because he doesn’t want to miss out on any sales.
"The tightening of bank liquidity and credit conditions in the GCC may force more of the larger, quality corporates out to the public markets."
- Khalid Howladar on Jan 05, 2015