Faisal Al Haimus, CEO of Trade Bank of Iraq, talks about his country’s prospects for economic growth—and potential to leap ahead with new technology—as it emerges from hard years.
Freddie Baz, general manager and board vice chair of Bank Audi, talks about his bank’s robust performance despite difficult conditions, and government efforts to restore trust.
Saudi Arabia has had mixed results in attracting foreign capital.
Saudi Arabia is determined to replace foreign workers with natives.
Fintech meets Islamic finance.
Collaborative international fintech meets regtech.
How far will MENA banks go in embracing digital innovation? Global Finance’s Dubai conference explored various approaches to rapid change in the banking sector.
Falling oil prices are squeezing GCC economies.
Chinese finance is stepping up in Africa. While other powers worry about Beijing’s growing influence, it’s hard for cash-strapped governments to say no.
Sultan Al Habsi Deputy Governor of the Central Bank of Oman talks to Global Finance about special economic zones, foreign investment, and state-of-the-art logistics.
The drive to innovate is getting stronger as countries look to ease their reliance on oil revenues.
Innovative airline uses technology from NASA and Mercedes-Benz to elevate customer experience.
Islamic scholar in Indonesia says Bitcoin is compatible with Islamic law.
While other banks look abroad for growth, Boubyan Bank CEO and vice chairman Adel Al Majed says Boubyan focuses closer to home.
Digital banking, cryptocurrencies, ecommerce and fintech start-ups—2017 was a record year for digital investments in the MENA region. But there’s wide variation between countries.
The war in neighboring Syria has taken its toll on Lebanon’s economy, which is demonstrating lackluster growth and high levels of public debt. Could the upcoming May parliamentary elections restore growth and investor confidence?
Bank Muscat CEO Abdul Razak Ali Issa discusses the unique challenges and opportunities of banking in Oman, and how his institution serves clients throughout the region.
Egypt’s entrepreneurs need innovative financial services delivered via mobile phone to become successful contributors to the economy, says CIB’s chairman and managing director, Hisham Ezz Al-Arab.
UAE and Jordan lead the Middle East's drive for post-hydrocarbon, environmentally sound projects.
French Total, Italian ENI and Russian Novatek won Lebanon’s first tender for hydrocarbon exploration and production. Operations start in 2019 in two offshore blocks, including one disputed by Israel.
Cash-rich Kuwait, bolstered by a healthy banking sector, is taking steps to reduce dependence on petroleum and motivate entrepreneurs.
Al Ahli Bank of Kuwait’s CEO, Michel Accad, opens up about his country’s economic role in the Arab world and why the Gulf nation might never achieve all its lofty aspirations.
FTSE announced Kuwait’s forthcoming addition to the Secondary Emerging Markets list last September. What’s happened since?
Salah Al-Fulaij, CEO of NBK-Kuwait, shares thoughts with Global Finance about competition, Kuwait’s growth prospects and the pressures of global regulation.
Last year was a record year for Middle East and North African (MENA) start-ups, with 260 deals attracting $410 million in investment, according to a report by Magnitt, a regional network for entrepreneurs and investors. The United Arab Emirates attracted ...
The consortium, called ALGO, will enable Islamic member banks to create fintech solutions in a cost-effective and fast manner.
Dr. Ziad Fariz, governor of Jordan’s central bank since 2012, talks about the refugee problem, recovery from the financial crisis, and how his country is keeping its financial system on an even keel.
Riad Salamé, governor of Lebanon’s central bank, discusses economic conditions for his country and the region in general, and how Lebanon benefits from its “strong, healthy and conservative banking sector.”
By June 2018, 32 million Saudi women will be allowed to drive.
The fintech sector is heating up across sub-Saharan Africa. Foreign investors are paying close attention and providing start-ups with the capital needed to get off the ground.
Some of this year’s biggest deals include $20 million for Bahraini payment solution PayTabs, $3.5 million for Emirati finance-comparison platform yallacompare and $1.5 million for Emirati mobile-banking solution NOW Money.
Initial Coin Offering (ICO) that raise funds using digital currencies have come under regulatory fire in recent times.