Profits have improved across the sector, even as lending eases following last year’s Fifa World Cup.
Middle East
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The World Cup’s socioeconomic legacy will continue to shape Qatar’s future
May 19, 2023Sheikh Ali Alwaleed Al-Thani, CEO of the Investment Promotion Agency of Qatar, talks about the country’s diversification strategy and investment priorities.

Saudi banks reap the benefits of oil and housing booms
April 28, 2023Credit growth is set to ease in 2023 as the country’s mortgage market cools, while tighter liquidity increases funding costs, writes John Everington.

Saudi Arabia’s booming capital markets
April 27, 2023Mohammed Bin Abdullah Elkuwaiz, chairman of Saudi Arabia’s Capital Market Authority, on the surge in local listings, and the regulator’s plans for tokenised and virtual assets.

Oil boost complements Saudi Arabia’s economic reform agenda
April 24, 2023Halfway through the country's Vision 2030 programme, Saudi Arabia has made significant progress in its economic reform programme. Yet efforts to further boost the private sector and attract foreign investment face stiff challenges.

Kuwait’s central bank crafts sustainable development strategy
April 3, 2023The governor of the Central Bank of Kuwait talks about the impact of slowing economic growth on the local banking sector, CBDCs and other digital initiatives, and the country’s nascent green finance initiatives.

Kuwait’s economy gains temporary breathing space
March 31, 2023While a spike in oil revenues is predicted to return government finances to a surplus for the first time since 2014, vital economic reforms appear as far off as ever.

National Bank of Kuwait remains confident despite weakening oil backdrop
March 29, 2023NBK’s chief executive officer for Kuwait talks about the challenges facing the country’s banking sector, the lender’s international expansion, and digital banking brand Weyay.

Kuwaiti banks reap the rewards of economic boom year
March 27, 2023KFH’s long-trailed acquisition of Bahrain’s AUB has further concentrated banking in the hands of the country’s two largest institutions.

Dubai’s new virtual asset regulations set a high standard
March 10, 2023After a year of chaos in the crypto sphere, the Virtual Asset Regulatory Authority’s framework represents a shift in the regulatory approach to virtual assets.