Data
Saudi Arabia: Austerity In Hard Times
Saudi Arabia’s big VAT hike balances falling oil revenue. But what about economic recovery?
Middle East
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Data
The Gulf Goes Green
Facing the combined effects of Covid-19 and an oil crisis, GCC governments and banks are looking to accelerate economic diversification and transition to sustainable finance.
Data
Uncertain Future For GCC SMEs
Outdated lending practices and a structural focus on government-related enterprises are keeping banks from backing the region’s beleaguered smaller companies.
Capital Raising & Corporate Finance
Bank Merger Talks Seek To Create National Champion
Big Saudi banks are about to get even bigger.
Banking
Private Banking In MENA
Executive insights fromRudy Guillemyn, head of Elite & Private Banking at First Abu Dhabi Bank.
News
India Revises FDI Policies
Military and economic tensions between China and India are on the rise.
News
Saudi Arabia: Austerity Drive Kicks In
Economic reforms are hampered by worries they might undo the tacit cradle-to-grave social compact between the monarchy and Saudi citizens that provides a safety net in return for political stability.
Banking
Future Uncertain
The MENA region is rapidly minting millionaires, but the Covid pandemic and a generational shift in ownership of wealth promise changes in how it’s invested and in what.
Award Winners
The Innovators 2020: Islamic Finance
Digitization is remaking Islamic finance, helping banks match the demands of younger consumers and even expand banking in war-torn Yemen.
Features
Deep Roots: Arab Bank CEO Nemeh Sabbagh Q&A
Regional powerhouse Arab Bank reaches its 90-year milestone this year. Nemeh Sabbagh, CEO, talks to Global Finance about current challenges and opportunities.
Award Ceremonies and Events
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.
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.