Growing markets tapped by LexisNexis and Westlaw
Saturday, 1st August 2009
Emerging markets have not been so badly hit by the recession as western economies, so interest in them remains buoyant and there’s a growing demand for accurate and authoritative intelligence on these regions and countries.
VIP produced an updated report on the Euromoney subsidiary ISI Emerging Markets in March 2009 (http://digbig.com/5badef) and it’s pleasing to note that LexisNexis has now signed an agreement with ISI to include news from Central and Eastern Europe, the Middle East and North Africa (http://digbig.com/5badee).
ISI Emerging Markets is providing LexisNexis with selected access to IntelliNews, its editorial and research arm which offers daily business news and reports for over 15 countries in these regions. At the core of the IntelliNews service are the daily reports – each one a two-page summary of the main market-moving events in a given country, combining news, analyses, comments and forecasts, focusing on macroeconomics and country-specific politics, as well as major financial and corporate news.
ISI also offers an Islamic Finance Information Service (http://digbig.com/5badjf) – but meanwhile Thomson Reuters has been turning its attention to what it calls this ‘underserved and rapidly expanding’ market by launching its own Islamic Finance Centre on its Westlaw Business global legal platform (http://digbig.com/5badje). Developed with guidance from Islamic finance standards boards, it claims to be the first legal resource of its kind designed specifically for lawyers working on Sharia-compliant transactions.
Westlaw Business combines transactional and legal guidance with tools designed specifically for business lawyers. Besides deals, documents and precedents, this new service additionally offers terms and conditions on over 6,000 Sharia-compliant deals; it also highlights coverage of industry events, trends and news, and provides expert guidance together with relevant legislation and case law.
Both ISI Emerging Markets and Westlaw are tapping a rich pool. The market, estimated at $700 billion to $1 trillion in assets, is growing at a rate of 10%-15% annually.