Features
Middle East Drive To Diversify
The need for economic diversification has never been greater, as governments around the Gulf look to shore up oil-depleted revenues and boost job prospects for their fast-growing populations.
Middle East
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Features
Middle East Supplement 2017
The Middle East has faced numerous economic and political challenges in the last few years, but to its credit, it has weathered them reasonably well. That is due in part to the considerable oil wealth that characterizes countries throughout the region; although lower oil prices in the last two years have significantly impacted fiscal revenues, particularly in the larger more-oil-dependent economies such as Saudi Arabia.
News
Three Women Rise To The Top Of Saudi Finance
Three women advancing to the top levels of the Saudi Arabian finance sector show the kingdom making progress in improving work opportunities for women.
Award Winners
Middle East Winners: Steady Progress
Coverage of Middle East regionalwinners ofGlobal Financemagazine's 2017 awards for Best Treasury & Cash Management.
Capital Raising & Corporate Finance
Morocco Opens To Islamic Finance
The Kingdom of Morocco now allows participative finance. On January 2 the central bank, Bank Al-Maghrib, issued authorizations for five banks to begin commercializing shariah-compliant products and services.
Country Report
Oil State Fund Invests In Technology
Saudi Arabia's Public Investment Fund (PIF), which is expected to exceed $2 trillionin 2018, is slated to play a major role in diversifying the Saudi economy, with big investments in a technology, healthcare and other sectors.
Country Report
Saudi Arabia: Austerity Takes A Breather
The desert kingdom'sbold plans to boost the private sector and diversify away from oilincludea little more governmentspending this year.
Country Report
Saudi Arabia: Economic Transformation Takes Shape
With the worst of its financial pressures behind it, Saudi Arabia is forging ahead with its ambitious Vision 2030 development plan to diversify away from oil dependency and stimulate demand.
Country Report
Kuwait Seeks To Adapt To New Energy Climate
Low oil prices are forcing the country to build up other sectors—most notably healthcare—to shore up its ability to weather economic storms.
Country Report
Kuwait: Banking on Transformation
Interview withSulaiman Al-Marzouq, head of treasury at National Bank of Kuwait,about changes in Gulf economies and NBK’s role in development.
Country Report
Q&A w/Al Ahli: Stability Despite Conditions
Michel Accad, who took over as CEO at Al Ahli Bank Kuwait in May 2014, talks toGlobal Finance about why the Kuwait banking system remains solid despite falling oil prices and other pressures.
Capital Raising & Corporate Finance
UAE Bank Going Digital-Only
In early 2017 the Commercial Bank of Dubai will launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does.