Latest articles from Middle East

Iran and France sign Airbus deal

Iran plays the waiting game as Western banks hold back

August 1, 2016

In the immediate aftermath of the signing of the Joint Comprehensive Plan of Action, Iran was looking forward to reaping the benefits of a sanctions-free future. However, major UK and EU banks are holding back on entering the country. James King examines why. 

Arif Amiri teaser

The Dubai International Financial Centre: forward on all fronts

July 1, 2016

The Dubai International Financial Centre has risen to become a major trade, investment and logistics hub over the past decade. However, as James King discovers, it is eyeing further growth through its strategy to become a leading global centre by 2024.

Lebanon limps onwards

Lebanese economy endures despite Syria civil war

June 1, 2016

Proximity to war-torn Syria is piling on the pressure for Lebanon, which faces plummeting tourist numbers and an influx of refugees. Yet the country's GDP continues to show modest growth, and offshore oil reserves wait to be tapped if the political will can be found. 

Riad Salame

Lebanon CBG continues to play starring role

June 1, 2016

The long-serving central bank governor of Lebanon, Riad Salamé, is a popular figure throughout the country, where he is widely seen as a steady hand amid an environment of political uncertainty. He talks to Edward Russell-Walling about his role in managing the Lebanese economy.

Banque Du Liban

Lebanon's banks battle on against economic headwinds

June 1, 2016

Lebanon's banks have for the past few years served as the pillars of the country's otherwise shaky economy. While they remain healthy, profits are being squeezed and lenders are anxiously awaiting a return to political and economic stability in the country.

Qatar National Bank

Changing economics shifts Qatari banking landscape

June 1, 2016

As the Qatari economy begins to slow on the back of decreasing oil prices, liquidity in the country's banking system is feeling the squeeze. Ratings agencies have responded with downgrades, yet recent results are healthy as banks pursue new sources of growth. 

Qatar's economic balancing act

Qatar remains strong in the face of new economic challenges

June 1, 2016

Qatar is expected to post its first budget deficit in 15 years in 2016, exemplifying the difficulties faced by the oil-dependent economy. But, far from buckling under the pressure, the country is stepping up to the challenge of diversifying its economy and reining in public spending, as Kit Gillet reports.

Sheikh Abdullah Saoud Al-Thani

Qatar's CBG builds banks' capital defences

June 1, 2016

Low oil prices could have hit Qatar's economy hard, but early action from the government appears to have shielded it from the worst of the impact. The country's central bank governor, Sheikh Abdulla Bin Saoud Al-Thani, tells Kit Gillet about how these changes and future plans will protect and strengthen the country's banking sector.

Saudi Arabia discovers a sense of urgency

Saudi Arabia discovers a sense of urgency

April 1, 2016

With minimal growth and a hefty deficit expected in 2016, the Saudi Arabian government knows it must act fast to reverse the downward trend. James King looks at the raft of measures the country is putting in place to become less reliant on oil and achieve long-term growth.

Saudi Arabias blueprint for growth

Saudi Arabia's blueprint for growth

April 1, 2016

Saudi Arabia has accepted that fundamental change is needed to deal with its budget deficit and is stepping up to the challenge with a long-term plan that includes privatisation, cuts to subsidies, boosting religious tourism and creating a more diversified economy. James King reports on its progress.

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