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World’s Best Banks 2020: Middle East
Already facing low oil prices and weak credit demand, Middle Eastern banks now must gird themselves for the impact of Covid-19.
Middle East
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Supplement
Middle East Supplement 2020
The impact of COVID-19 and the 50% drop in oil prices since the pandemic struck will challenge all of the economies in the Middle East region. Travel restrictions and a simultaneous drop in domestic and external demand are hitting the region hard. There are bright spots, nonetheless, and reasons to expect this part of the world to remain resilient, with help from strong foreign exchange reserves in the big oil-producing countries.
Features
Center Of The World: Dubai World Expo
Dubai and the UAE hope the Middle East’s first world expo will provide a much-needed jolt to the local economy.
Features
Lebanon In Crisis: FFA Private Bank CEO Jean Riachi Q&A
Jean Riachi, founder and CEO of FFA Private Bank talks to Global Finance about the current state of the Lebanese banking industry.
Features
Crossing Business Borders: Ahli United Bank CEO Adel El-Labban Q&A
Ahli United Bank’s CEO and managing director, Adel El-Labban, talks with Global Finance about operating in high-risk environments and his bank’s pending merger with Kuwait Finance House.
Features
Jordan At A Crossroads
A new IMF funding package and anticipated economic reforms offer a ray of hope for the kingdom’s battered economy.
Features
Lebanon’s New Deal
A close-up look at how Lebanon and its banks reached the edge of the cliff—and the tough choices they need to make to step back from the brink.
Features
New Sultan Faces Early Test
A sluggish economy, high debt burden and tensions among its neighbors challenge the new leader’s ambitious development plans.
Features
One-Two Punch
Oil prices, travel and tourism are vulnerable to the effects of the coronavirus.
Features
Cloud Cover
The last of the big three public cloud-service providers has reached Qatar, bringing coverage to the entire Middle East region.
Features
Financial-Crime Worries Rise
In a region bedeviled by war, corruption, money laundering and terrorism, banks are finally investing in financial-crime compliance.