August-September 2008

Motorsports industry revs up in the Middle East

Motorsports industry revs up in the Middle East

Motorsports, and Formula One in particular, is a major growth area in the Middle East, attracting billions of dollars in investment from some of the biggest local investors. emeafinance editor Julian Evans talks to Simon Azzam, CEO of Union Properties, about the motorsports boom, and Union Properties’ own multi-billion-dollar investment into it.

The Activist

The Activist

Tomas Fiala grew up fighting the Komsomol during Czechozlovakia’s Velvet Revolution. Now he is the majority owner of Dragon Capital, Ukraine’s most successful investment bank, but he’s still fighting for investors’ rights, writes Benjamin Seeder in Kiev.

Mohammad El-Erian: Save the IMF, Save the World Economy

Mohammad El-Erian: Save the IMF, Save the World Economy

Mohammad El-Erian is co-CEO of Pimco, the largest bond investor in the world. A former deputy director of the IMF, and world expert on emerging markets, El-Erian here writes exclusively for emeafinance on why a reformed IMF has a critical role to play in saving the global economy from its present crisis.

Ghanaian banks reach out for new capital

Ghanaian banks reach out for new capital

With a landmark Eurobond tucked under its belt, an accelerating stock market and first oil production just two years away, Ghana is well positioned to tap the new capital required for its banking sector, writes Kevin Godier.

Riding the MENA wave

Riding the MENA wave

Egypt’s reformist government is grappling with the dilemma of fighting inflation while cutting a growing deficit. However, in the capital markets, Egyptian companies are expanding and becoming MENA regional champions. Julian Evans reports from Cairo.

Aston Martin shifts Islamic finance up a gear

Aston Martin shifts Islamic finance up a gear

Racing driver and entrepreneur David Richards has been working in motorsports for 30 years, winning world rallies as a driver, running rally and Formula One teams as a manager, and setting up and managing companies as an entrepreneur. He is a pioneer in bringing motorsports to the Middle East, having set up  the first ever rally series in the Middle East when he was just 25.

Turkey's strengthened banks unfazed by rising risks

Turkey's strengthened banks unfazed by rising risks

Boosted by a wave of reforms and foreign investment, Turkish banks are confident that they can weather the current climate of slowing growth and rising interest rates and resume their rapid growth. Of course, there will be winners and losers. And privatisation is still to come, writes Bernard Kennedy in Ankara.