Thursday 10 July 2014

Turkey turns inwards as war spreads from Syria to Iraq

As al Qaeda-inspired Sunni militants spread right along Turkey's southeastern border last month from Syria through Iraq, seizing Turkish hostages as they went, the normally loquacious Prime Minister Tayyip Erdogan had little to say. Turkey's outspoken opposition to the cr


Gulf banks start to muscle in on global bond deals

When the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital. After decades during which banks from the wealthy Gulf countries rarely ventured outside the


Political risk evident everywhere except the markets

"Geopolitical risk" turns out to have surprisingly little impact on the valuation of oil and most financial assets. Since the beginning of 2011, revolutions and counter-revolutions have rocked the Arab world, sanctions have slashed oil exports from Iran, and unrest has

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