The civil war in bordering Syria and a stagnant political scene have caused Lebanon's economy to grow at a slow pace in recent years. While factors such as the low oil price give some cause for optimism, the prevailing feeling of uncertainty in the country means few see it realising its full potential any time soon.
Latest articles from Middle East
The countries of north Africa have been proving attractive for lenders from the Gulf region for decades, but in recent years this activity has picked up, with Egypt a particularly popular destination. Tom Stevenson looks at the reasons why Gulf banks are heading west.
The non-oil private sector is playing an ever-expanding role in the growth of Saudi Arabia's economy. However, will it be able to help tackle the country's high unemployment ratio and low home ownership rates? James King reports.
The impact of low oil prices on Saudi Arabia's banks in 2014 was negligible, as they posted stellar figures. And the sector looks to be in a good position to continue to thrive, says James King, a testimony to its prudent management.
Hit hard by the global financial crisis and a stagnant domestic political scene, Kuwait is now emerging as a stable, pro-business destination with a buoyant private sector and an economy moving away from its reliance on oil, as James King discovers.
The governor of the Central Bank of Kuwait, Mohammad Al-Hashel, has every reason to look to the future with optimism, given that the country's banking sector is coping well with low oil prices, welcoming foreign entrants, bringing down its NPL ratio and helping diversify the country's economy.
Despite its small size, Kuwait has long been a key player within the global Islamic finance industry, and with its sharia-compliant institutions posting strong figures in 2014, this position only looks likely to strengthen.
Most popular content
Most popular videos
- Top 1000 World Banks 2014 results
- Interview with Libor Krkoska, head of the EBRD's representative office in Nicosia, Cyprus - View from EBRD 2015
- Interview with Natalie Jaresko, finance minister of Ukraine - View from EBRD 2015
- Interview with Mattia Romani, managing director, country and sector economics, EBRD - View from EBRD 2015
- Transaction Bankers - UniCredit's Ernst Ohmayer