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Iraq's finance minister, Adil Abdul Mahdi: Restructuring debt is top priority

Last year, at the IMF meetings in Dubai, the Iraqi delegation was led by Adil Abdul Mahdi. At the time, he was already a leader of the Supreme Council for the Islamic Revolution in Iraq, the leading Shiite party in the country.

Today, Mahdi is minister of finance in Iraq's interim government, charged with restructuring the country's debts before the end of the year. Here, he speaks to Euromoney in his first detailed comments on the subject since he took office.

Felix Salmon, September 01, 2004

CAPITAL MARKETS

New investors make credit an asset class

Real money investors such as mutual funds, as well as credit hedge funds, prop traders and other specialist investors, are finally treating credit risk as an asset class to be managed like any other. They bring new liquidity to the markets in default swaps and credit indices that have made this possible.

Antony Currie, September 01, 2004

Tehran Stock Exchange's Hossein Abdoh Tabrizi: Impressive performer with ambitious plans

Hossein Abdoh Tabrizi obtained a doctorate in finance from the Manchester Business School in 1977. He has been secretary-general of the Tehran Stock Exchange since May 2003 and is also a member of the exchange's high council. He speaks to Euromoney's Kate Luxford.

Kate Luxford, September 01, 2004

CAPITAL MARKETS

Jordan stands up without IMF support

A well-executed privatization programme, carefully directed investment in education, valuable trade agreements and astute management of debt and inflation have underscored the growing health of the Jordanian economy, symbolized by its graduation from IMF programmes.

Kate Luxford, September 01, 2004

China and India: foes or friends?

Through western eyes, China and India might seem locked in a struggle for economic supremacy. The truth is quite different. The economies are complementary more than being competitors with each other, and the implications will shape the global economy for decades to come.

Chris Leahy, September 01, 2004

Sandy Nairn

Sandy Nairn loves a good challenge. After 10 years at Templeton Investment Management he took on the task of reviving Scottish Widows Investment Partnership, Lloyds TSB's languishing Edinburgh-based investment business in November 2000.

Julie Dalla-Costa, September 01, 2004

CAPITAL MARKETS

Seeking forgiveness of Saddam-era debt

Argentina has over half a million creditors, while Iraq has comparatively few. But dealing with $100 billion of Iraq's debt has given everyone from the IMF to the Paris Club a tough problem to resolve. The US government will urge generosity but a happy solution for all interested parties is next to impossible.

Felix Salmon, September 01, 2004

Opinion

Schwab is at its Wit's end

First Wit dumped its attempt to build a retail platform. Next, it dumped its name, and moved out of its Silicon Alley headquarters in New York to Connecticut. Then last year Charles Schwab Capital Markets bought it. At least Wit, by then Soundview, the name of the boutique it bought in 1999, was joining a like-minded firm with ambitions to change how markets work.

Antony Currie, September 01, 2004

Opinion

Stand up, sit down, keep moving

If your competitors are beating you to the most lucrative deals, it could be they're better at pressing the flesh. Wooing potential clients over drinks or dinner is as much a part of a banker's job as making formal pitches.

Mark Brown, September 01, 2004

BANKING

The new faces of corporate Russia

Oil and gas still lord it over all other sectors of the Russian economy but beyond the energy markets other businesses are making their mark on the international stage. Euromoney identifies some of the rising stars.

Ben Aris, September 01, 2004

Keeping it in the family

Is that spare $400 million giving you a headache? Do you already have the private jet, the yacht, art collection, international properties and a charitable foundation? Maybe you now need your own team of dedicated advisers to help you oversee your family's wealth. How about a family office?

Helen Avery, September 01, 2004

FASB simplifies expensing stock options

The US Financial Accounting Standards Board (FASB) has announced its second retreat in as many weeks on how corporates should account for employee stock options.

August 31, 2004

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