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September 2005

Main

Cover Story

How Europe's governments have enronized their debts

Central banking

The case against Alan Greenspan

Euromoney awards

Finance minister of the year 2005: Ngozi Okonjo-Iweala, Nigeria

Central bank governor of the year 2005: Japan

Central bank governor of the year 2005: Zeti Akhtar Aziz, Malaysia

Highly commended for finance minister of the year

European banking

Meet your new European bank: the financial cornershop

Unico banks seek new ways to work together

Is there a danger of the Icelandic banking market overheating?

Securities market

There's no hiding from Mifid

Roundtables

CMBS Debate: Getting real estate financing right

Emerging markets

Why Iraq's debt deal makes sense

The realities of emerging market CDS

A new paradigm or a bubble set to burst?

Paris Club members adapt to new rules

How the Iraq deal was done

Country risk

Country risk Sep 2005

Middle East

Ian Hay Davison, Dealing with Dubai: The regulator's tale

Qatar builds a project finance powerhouse

Qatar Financial Centre opens for business

Servicing a small, rich market

Dubai looks to mop up liquidity

Libya beats a path to foreign bankers

Libya: Towards a liberalized economy

Saudi bond market poised for strong growth

King Abdullah takes up the reins as economy booms

Equity issuance builds mass market

Lebanon's path to growth and stability

Lebanese bank mergers look set for revival

Iran's new guard rethinks investment strategy

Eastern approaches

Iran seeks to boost capital markets

A new breed of borrower

Syria opens for Lebanese banking

Central & Eastern Europe

East or west, why local currency is best

Kazakhstan prepares for IPO takeoff

Is the world big enough for Gazprom?

Russia's profitable summer break

Kazakhstan's bankers' banker

C&EE: Engineering a debt management agency

Time to come good on his promises

UniCredit advances – but must stay on its toes

The great Russian private-equity gamble

Real estate

Real Estate survey 2005

Advisers ride the wave of real estate investment

Regional developers ponder the need to go overseas

Commercial is investment

Funds aim to keep up with the flows

Emerging markets 200

Emerging Markets 200 2005: Asia leads the field as Latin banks fight back

Editorial

Debunking myths

Front End

DrKW takes to the dizzy heights

That's one mighty big Hummer

London's hottest brokerage

We are the champions

Quotes of the Month

Off the Record

A hero comes along and says it with flowers

Market leaders

Block vendors should think carefully before deciding on deal structure

Wolfowitz shows his true colours

Activism rules, OK!

China's fancy footwork

What price stability?

Corporates can choose not to borrow

How the FSA got it right on UK covered bond issuance

Debt markets

Frequent issuer MTNs: eFunding proves that size matters

FSA learns to love covered bonds

Bonds: It's a gas for Ras Laffan

Recruitment: Fixed income plucked

Debt market round-up

Structured credit

Credit derivatives: Lehman hopes for index-inspired liquidity in preferred CDS

Trading: T-Zero launched to capture and channel trades

Sovereign ABS: Greece puts together tax deal

Secondary trading: Markit adds ABS data to its portfolio

Structured Credit Market round-up

Foreign Exchange

Asia: Hotspot FX responds to expanding Asian client base

Exchange Trading: CME eyes FX options as area for innovation

Technology: Full steam ahead for US FX trading

Foreign exchange market round-up

FX Options: Options go mainstream

Corporate finance

Hedge Funds: Icahn strikes again

M&A: Are corporate buyers back?

Corporate finance market round-up

Acquisitions: Could UK banks be next?

Private Equity: Who spends the most in fees

Equity markets

Research: Convertibles outperform equities

Volatility indices seek a market

Equity market round-up

Strategy: Another one bites the dust

Asia: Don't forget the bigger picture

All IPO gets all clear

Fund management

Sports Investing: Orey's golden goals

Fund Management market round-up

Hedge funds: Alpha decays with age

Russia: Young rich want more

Real estate: Building on global demand

Emerging Europe

Kazakhstan: Government battles Dutch disease

CEE market round-up

Ukraine: Long-awaited reprivatization gets under way

Russia: State-owned majors scrap over oil assets

Dealing: Slovakia to create primary dealership system

Private equity: West Europe looks east

Asia Pacific

Korea: A tougher line for foreigners

China banks: State bank up for grabs

Asian market round-up

Renminbi: Small steps on a long journey

Survey: Changing climate over China's corporate landscape

China M&A: Ambitions to expand

Real Estate: More Reits on Asia's streets

Dirty politics, despairing country

Ramos aims to reinvent the republic

New management makes over Malaysia Inc

Tackling Tenaga

Latin America

Local currency bonds: Mexican peso attains global status

Latin American market round-up

Uruguay: Market gives new leftist coalition seal of approval

Brazil: Local markets on a roll

Venture capital: Mexico fails private-equity test

What next for Argentina?

In profile - Roberto Lavagna

In profile - Guillermo Nielsen

In profile - Martin Redrado

Chávez reveals his master plan

Middle East & Africa

Egypt: Bank consolidation takes new turn

MEA Market round-up

Middle East equity markets face test

South Africa: Banks tempt foreign players

Tanzania: Rabobank sees success in Tanzanian privatization

Bahrain's BMA sells first short-dated sukuk

Against the tide

An end to German stagnation?

Book review

Plotting the future: review of Time and Money

Flipside

It's time for positive action at Ground Zero