Middle East Economic Survey

VOL. LII

No 8

23-Feb-2009

REGIONAL/GCC

Crisis Could Bring Islamic Banks A Greater Project Finance Role

While Islamic banks have steadily increased exposure to Gulf project financings over the last several years, they have often been the also ran in funding line ups, which tended to be dominated by conventional banks. Now, as a result of the ongoing financial crisis, the dramatic pullback by the latter provides them with the opportunity not only to help fill a funding...