Latest articles from Middle East

Lebanon in stasis

In stasis: Lebanon's economy stifled by Syria and political deadlock

April 30, 2015

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.

The north Africa attraction

Heading west: why Gulf banks are eyeing north Africa

April 30, 2015

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. 

Lebanese banks go global

Lebanese banks go global

April 30, 2015

Operating in a relatively small domestic market often beset by social and political upheaval has led Lebanese banks to look overseas as a way of expanding, something from which they are now reaping the dividends.

Saudi Arabia maintains its momentum

Saudi Arabia maintains its momentum

April 1, 2015

Events such as the death of a long-standing ruler or plummeting prices of a key export would have led to social and economic upheaval in many countries, yet Saudi Arabia has managed both with an impressive ease.

Saudi Arabia outside of the oil

How Saudi Arabia's non-oil private sector is fuelling growth

April 1, 2015

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.

Saudi banks defy oil pressure to stay on growth path

Saudi banks defy oil pressure to stay on growth path

April 1, 2015

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.

Gulf country enters a new phase of economic growth

Kuwait ignited: Gulf country enters a new phase of economic growth

April 1, 2015

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.

Mohammad Al-Hashel

Kuwait CBG takes a positive outlook

April 1, 2015

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. 

Kuwait digs deep to raise energy stake

Kuwait digs deep to raise energy stake

April 1, 2015

Oil prices may have dropped, but Kuwait is investing heavily in the hydrocarbons sector this year in a bid to meet an ambitious production target. James King reports.

Kuwait stays among the leading Islamic finance pack

Kuwait stays among the leading Islamic finance pack

April 1, 2015

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.

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