Delayed by Covid-19, the central bank of Australia plans to license the country’s first Islamic bank in early 2021.
Jean Riachi, founder and CEO of FFA Private Bank talks to Global Finance about the current state of the Lebanese banking industry.
Abdulaziz B. Al Loughani is co-founder and managing partner of Faith Capital, a Kuwait-based regional VC fund; and CEO of Floward, an online flower and gift retailer. He was previously vice chairman of Kuwait’s National Fund for SME Development and a co-founder of Talabat, the Middle East’s largest online food-ordering platform. He talks about opportunities and the growth of entrepreneurship in the region.
With oil prices low and stress on liquidity, banks in the GCC are increasingly looking to consolidate in order to remain strong.