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Six-month paper will help investors diversify Shariah-compliant portfolios

From quiet beginnings as one of the world's smallest states, Qatar has emerged as a regional player as a result of shrewd investment in natural gas and sound economic management. Although oil and gas revenues still account for about 60% of GDP, the non-oil sector grew by 10.8% last year, and the financial sector is performing particularly strongly.

Sabic's upcoming $267 million Shariah-compliant domestic bond should set the pattern for issuance in a Saudi market that has seen little corporate paper up to now.

As tensions mount between Iran and the west over the Islamic state's nuclear ambitions, Tehran seems to be adopting an Ostpolitik, looking to China and India for political and energy ties. Opec's second-largest oil producer, which also has the world's second-biggest gas reserves, is wooing Asia's fast-growing and energy-hungry economies.

"A bratwürst made from tofu? This I am not prepared to discuss!"

Mifid promises to shake up EU financial markets in a way that will make Big Bang look like a gentle nudge. To have any hope of meeting the implementation deadline of April 2007 investment banks might need to set aside as much as $12 million each in their 2006 budgets. Peter Koh examines the fallout

Movers and shakers

New Dealogic data reveals the must-have private-equity clients – the ones that spend the most on investment banking fees

With valuation problems worsening, one US bank CFO thinks the major UK banks are becoming more appealing

Platform adds five currency pairs to boost its regional offering

China's currency revaluation is more evolution than revolution but will have a number of knock-on effects