With its guaranteed long-term liquefied natural gas revenues and ever-expanding array of foreign assets, Qatar boasts a profile that has set it apart from its Middle Eastern oil-exporting peers – even if it has found it necessary to curb some of its prodigious spending growth in the midst of weaker global oil prices seen in the past year.
Middle East
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Qatar's banks: a health check
June 1, 2015A snapshot of Qatar’s banks shows a sector in good health, with sound provision levels and growth in public sector credit. But with real estate prices increasing rapidly, concerns remain over the potential for a bubble emerging in the market.
In stasis: Lebanon's economy stifled by Syria and political deadlock
April 30, 2015The 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.
Heading west: why Gulf banks are eyeing north Africa
April 30, 2015The 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
April 30, 2015Operating 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
April 1, 2015Events 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.
How Saudi Arabia's non-oil private sector is fuelling growth
April 1, 2015The 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
April 1, 2015The 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.
Kuwait ignited: Gulf country enters a new phase of economic growth
April 1, 2015Hit 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.
Kuwait CBG takes a positive outlook
April 1, 2015The 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.