Middle East Economic Survey


No 38


MEES Agenda

Commercial Banks Encroach On Islamic Turf

Hungry for oil and gas deals, commercial banks appear to be encroaching on Islamic banks as they step up their participation in the Islamic tranches of large-scale financings. Melanie Lovatt looks at the reasons why Islamic banks have taken a back seat on some recent deals.

The completion this month of the Islamic tranche of Dolphins bridge loan financing marked a milestone in...