While a global deal to cut oil production has helped to rebalance the market, Kuwait, along with other oil-reliant countries, must now look to what happens when the deal ends. Kit Gillet reports.
Latest articles from Kit Gillet
Kuwait eyes global Islamic finance hub status
April 3, 2018With one of the oldest Islamic banking sectors in the world, Kuwait continues to show impressive growth and adaptability in the industry. Now authorities in the country are looking to become big hitters on a regional and global level. Kit Gillet and James King report.
Fintech and Islamic finance: a mutually beneficial match?
December 1, 2017As sharia-compliant finance grows and institutions embrace mobile and internet banking, observers believe the opportunities offered by Islamic fintech will become irresistible to the sector – despite its lack of global standards. Kit Gillet reports.
Nigeria edges closer to Islamic banking goal
December 1, 2017Now that important issuance and regulation milestones have been passed, Nigeria is well placed to succeed in its aim to become Africa’s Islamic banking hub. Kit Gillet reports.
Commercial Bank of Qatar weathers GCC spat and oil price storms
November 1, 2017Joseph Abraham joined Qatar’s Commercial Bank as group CEO in 2016, after eight years as CEO of ANZ Indonesia, arriving at a time of low oil prices and regional tension. He tells Kit Gillet about efforts to refocus the bank, as well as finding opportunities in adversity.
Home or away? Qatari banks look to build on their success
June 1, 2017Low oil prices have dented Qatar's economic success story of late but its banks are thriving. Some are looking to domestic consolidation for the next phase of growth, others to foreign acquisitions, while a deal that will create the region’s biggest Islamic bank is in the pipeline. Kit Gillet reports.
Qatar pursues its non-oil goal
June 1, 2017Qatar’s economy is already feeling the benefits from being crowned host of the 2022 FIFA World Cup. Can the country’s non-hydrocarbon growth assist in maintaining the upward trajectory? Kit Gillet reports.
Central bank governor steers Qatar through narrower straits
June 1, 2017Qatar Central Bank governor Sheikh Abdulla Bin Saoud Al-Thani believes good management has afforded the country's banking sector some protection in a challenging economic environment. Kit Gillet reports.
Tripartite Free Trade Area plods along slowly in Africa
June 1, 2017Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.
Kuwait’s oil and gas faces an uncertain future
April 3, 2017A global deal to cut oil production and rebalance the market is good news for Kuwait – but it expires after six months. Can the country’s oil business expand its way to stability? Kit Gillet reports.