Any international commentators have recently explained that the Iraqi upstream petroleum sector is stalled in a post-conflict setting, besieged by competing political factions, corruption and turmoil. Although these commentators are not altogether incorrect, it should instead be emphasized that Iraq faces more legal, political, social and infrastructure-related challenges than any of its OPEC neighbors, but it still has successfully implemented…

Egypt’s revolution has hit the country’s banking sector – and leading investment bank EFG-Hermes – particulary hard. But they are fighting back. TRENDS reports. It is no mystery that Egypt’s revolution has taken a toll on the nation’s economy. Among its components, the banking sector, and more especially the Cairo-based leading investment bank, EFG-Hermes, have…

The reduction of oil output in Iran has made the global energy market nervous, 
but rising Iraqi production and a boost to the GCC’s output has proved calming. The drama on the global energy stage never seems to end, but it rather continues to throw surprises and ends up influencing prices. The official European Union-
imposed…

Despite complex regulations and a hampering grey market, the Middle East’s 
business aviation sector is poised for growth. After having faced the onslaught of global recession, the Arab Gulf region is economically stable today, and its business environment is improving. However, its business aviation sector – although it’s closely tied with the health of businesses…

    Turkey is setting out its stall in the Middle Eastern marketplace, looking to broaden the focus of Arab inbound investment beyond real estate, hoping to attract capital to other sectors should Europe’s long-running interest dwindle, and to reinforce Ankara’s position as a major player in the region. Since coming to power at the…

With US officials saying Egypt is a good place to invest, foreign investors looking to park their distressed capital are Cairo-bound. The irony of the moment was impossible to ignore, playing out like some sort of scripted and tasteless joke. On September 11, 2012, a roomful of journalists, 
including several foreign correspondents, were gathered in…

Regional Head of Research at Standard Chartered Bank, Marios Maratheftis, discusses the eurozone, Greece and a common currency for the GCC. So, Marios, what do you make of the eurozone? Where is it going? The eurozone is going somewhere, but unfortunately it’s not a very happy place. There is significant issues and significant problems in…