The oil-dependent country faces a difficult period ahead, but is taking measures to prepare for the coming storm.
Middle East
Latest articles from Middle East

GCC banks consolidate as oil prices remain flat
March 9, 2020There have been a high number of mergers and acquisitions across the GCC region in recent years, with lower oil prices leading lenders to increasingly look to consolidation.
How long can the Gulf M&A boom last?
February 28, 2020M&A deals are abundant in the Gulf region, but is this run coming to an end?

Bahrain advances with caution
February 17, 2020Though flat oil prices are having an effect on Bahrain’s economy, the country’s banking sector continues to perform well, in spite of calls for consolidation.

Re-assessing Iran’s relationship to the world
January 27, 2020The director of Italy’s Institute of International Affairs, Nathalie Tocci, talks to Silvia Pavoni about Middle Eastern issues amid heightened tensions between the US and Iran.
Oman’s banks well placed to manage political transition
January 14, 2020After five decades of relative stability, Oman has a new sultan, posing interesting questions about the country’s future direction.

Robert Mogielnicki: the grim outlook for Iran’s economy
January 2, 2020Stagflation and high unemployment have led Iran to raise fuel prices – resulting in violent protests. But while US sanctions are not helping, Iran must tackle serious economic reforms, says the resident scholar of the Arab Gulf States Institute.

Gulf states gear up to establish fintech ecosystems
January 2, 2020The Arabian Gulf is lagging other regions when it comes to embracing fintech but now its countries are formulating strategies to launch hubs of their own.
Israel’s banks hold steady despite political upheaval
December 3, 2019While there may be high drama in Israel’s politics, recent years have seen a steady performance from its banks.

Al Rajhi CEO looks to continue diversification drive
November 1, 2019Al Rajhi CEO Stefano Bertamini talks about growth areas at the bank, including high take-up of its mobile app.