Country Report
Egypt Gets With The Program
<strong>Egypt </strong>| Its IMF loan could ease investor concerns and end its foreign exchange shortage.
Middle East
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Banking
Economic Reforms Sweep Gulf States
These are exciting times for the nations of the Gulf Cooperation Council (GCC), as the decline in oil revenues is forcing them to finally make dramatic changes to their oil-based economies.
Data
Gulf Nations Must Develop Soft Infrastructure
Sparkling office towers won’t draw business without the right policies.
Data
Gulf Wealth Funds Get More Strategic
Can the Saudis’ $2 trillion Public Investment Fund transition the kingdom to a post-oil economy?
Data
Head Start On Diversification Eases UAE’s Transition
From financial services to healthcare to tourism, the Emirates is exploring and expanding into new non-oil businesses.
Data
Kuwait Takes Action
Striving to shake its oil dependence, Kuwait is opening up to foreign ownership. Will investors bite?
Award Winners
Q+A: Bassel Gamal; CEO, Qatar Islamic Bank (QIB Group)
QIB controls 43.5% of the Islamic banking market share in Qatar and 11.5% of the overall market and says that the long-term growth prospects remain promising.
Banking
Islamic Finance Is Gaining Ground—And Sophistication
Still finding its way onto the broader global stage, Islamic finance is expanding its reach and rising to new heights in delivering added value to consumer and business markets alike.
Award Winners
Q+A: Hussain Al Qemzi; CEO, Noor Bank
Noor Bank focuses on select business segments and eyes the digital payment space that will offer some of the best opportunities over the next couple of years.
Award Winners
Q+A: Majed Al-Saif; General Manager, Corporate Communications & Public Affairs, Samba Financial Group
Retail demand for Islamic finance in the Kingdom of Saudi Arabia and the wider region keeps increasing. Growth areas include structured hedging and investment products, project and aviation finance, equity-linked and greenfield project sukuk.
News
Saudi Prince, “Minister of Everything,” Wields Power Behind Throne
<strong>Saudi Arabia</strong><br />
Known as the Minister of Everything, deputy crown prince Mohammad bin Salman, the favored 30-year-old son of the geriatric king of Saudi Arabia, is a man on a mission.
Award Winners
Winner Profiles | The Best In Islamic Finance | 2016
Global Finance magazine profiles the best Islamic Financial Institutions of 2016