The Middle Eastern banking sector has been one of the few bright spots in the global banking industry since the onset of the financial crisis. In stark contrast to many Western banks that reported catastrophic losses in 2008 and have spent the subsequent years licking their wounds, Arab banks on the whole escaped relatively unscathed.
And so while European and US banks have been battening down the hatches, Arab banks have spent the post-crisis years blazing an expansionary trail in markets across the world.
