Latest articles from Middle East

Ali H Khalil new

Markaz CEO signals the need for Kuwaiti bank consolidation

March 31, 2022

Markaz's CEO Ali H Khalil discusses the importance of Kuwait’s stalled debt law, the outlook for deposits in the banking sector after 2021’s declines and the likelihood of consolidation in the local banking market.

Abdul Salam Al Saleh new

Boubyan Bank on the benefits of digital automation

March 30, 2022

Boubyan Bank is Kuwait’s second-largest bank and the country’s fourth-largest lender overall. Abdul Salam Al Saleh, the bank’s CEO for corporate banking, financial control, treasury and legal affairs, spoke to John Everington about the country’s economic outlook for 2022, the outlook for the local mortgage market and the impact of digital banking.

Kuwait street new

Oil windfall brings temporary respite for Kuwait’s economic challenges

March 29, 2022

Kuwait’s economic challenges remain as entrenched as ever, even as higher oil prices are set to wipe out the country’s deficit.

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Kuwait stands at the dawn of a new digital banking era

March 25, 2022

While Kuwait’s fintech sector remains tiny compared with its Gulf neighbours, the country has taken big strides towards licensing new digital banks.

kuwait oil

Kuwait to reap the benefits of new oil boom - for now

March 11, 2022

While Russia's invasion of Ukraine has boosted oil prices to multi-year highs, production constraints will constrain the benefit Kuwait enjoys. John Everington reports.

Giles Cunningham

The changing face of sharia-compliant retail banking in the UK

March 9, 2022

Al Rayan Bank’s CEO, Giles Cunningham, on the growth prospects for Islamic Finance in the UK, the bank’s pivot towards commercial property and the prospects for sharia-compliant banking in the UK.

Jean-Christophe Durand

National Bank of Bahrain embraces digital as it looks to the future

March 1, 2022

The National Bank of Bahrain's chief executive Jean-Christophe Durand discusses key recent developments for the country and its banking sector.

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Gulf consolidation slows as economic pressures ease

March 1, 2022

Middle Eastern fintechs and neobanks are attracting investment from overseas, as the wave of mega-mergers among the region’s largest lenders grinds to a halt.

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The Banker’s Top Islamic GCC Banks ranking 2022

March 1, 2022

Lenders in the Gulf Co-operation Council continue to drive the rise in Islamic finance, as shown by The Banker's most recent ranking, with government spending and mortgage growth set to further boost growth in 2022.

Baharain econ

Bahrain plans fresh economic restructuring as Covid impact dissipates

February 22, 2022

Higher oil prices and a successful vaccination programme have eased pressure on Bahrain's economy. However, as Kit Gillet reports, questions remain about whether the country can meet its deficit reduction targets.