Embracing Prudence

CEO Nemeh Sabbagh talks to Global Finance about how Arab Bank combines careful management with innovation in a region facing a challenging environment.

Middle East Drive To Diversify

The need for economic diversification has never been greater, as governments around the Gulf look to shore up oil-depleted revenues and boost job prospects for their fast-growing populations.

Middle East Supplement 2017

Middle East Supplement 2017

The Middle East has faced numerous economic and political challenges in the last few years, but to its credit, it has weathered them reasonably well. That is due in part to the considerable oil wealth that characterizes countries throughout the region; although lower oil prices in the last two years have significantly impacted fiscal revenues, particularly in the larger more-oil-dependent economies such as Saudi Arabia.

Oil State Fund Invests In Technology

Saudi Arabia's Public Investment Fund (PIF), which is expected to exceed $2 trillion in 2018, is slated to play a major role in diversifying the Saudi economy, with big investments in a technology, healthcare and other sectors. 

UAE Bank Going Digital-Only

In early 2017 the Commercial Bank of Dubai will launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does. 

Israel: Focused On The High End

Israel's economy depends on foreign trade, and that presents a challenge under current conditions. Policymakers remain focused on high-tech while keeping an eye on global political developments.