The HKMA and CMU Omniclear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.

An April review by the IMF ended without an agreement, with June the next opportunity to meet the IMF's conditions and release two tranches of loans.

Problems are continuing to mount up in Bangladesh’s economy, including high inflation, as the country attempts to bounce back from years of crisis to secure the next tranche of a IMF loan.

Bubble tea maker Mixue has joined the market as it bounces back with a flurry of listing activity expected this year, with mainland Chinese investors increasing use of the Stock Connect; Middle East firms could also seek listings, although other foreign firms could be harder to attract.

A wide range of factors have paved the way for a larger offshore Renminbi fixed income market, according to senior bankers.

The rationale behind all the winners for the best capital market deals across Asia Pacific.

Six banks have been placed under central bank control, with up to $50bn of non-performing loans under scrutiny after looting scandal.

Read on to find out the winners of our Deal Awards – Middle East.

China is shifting towards manufacturing abroad as opposed to natural resources; on the other hand, Chinese overseas lending has weakened due to domestic economic concerns.

The World Bank, the Asian Development Bank, the Islamic Development Bank and others, are providing support packages worth billions of dollars, to help with financial sector reforms.