Chloe Domat

The larger lending institutions benefit Gulf governments by attracting foreign investors to finance their megaprojects.

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.

With more people holding a smartphone than a bank account, the MENA region offers giant opportunities for telcos offering payments and money-transfers. 

Diversification is the biggest challenge ahead but Kuwait can count on a strong financial sector, according to participants in a recent Global Finance roundtable in Kuwait City.

Saudi Arabia has had mixed results in attracting foreign capital.

Will a boost in oil production help Saudi Arabia stick to its plans for economic diversification and fiscal reform?

Investors made 2018 a record year for startups in the MENA region, highlighting its rapid embrace of fintech. But regulation and infrastructure still have to catch up.

Saudi Arabia is determined to replace foreign workers with natives.

Fintech meets Islamic finance.

Blockchain is making headway in the world of Islamic finance.

Global Finance presented various awards for digital-banking excellence, and honored Middle East innovators, at a special ceremony in Dubai in September.

Competition is stiffening as ride-hailing companies extend their model into emerging markets. Even Uber, the giant of the field, faces hard choices.

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.

The fifth installment of a Global Finance FAQ web series on Islamic finance.

Saddek Elkaber, Governor of the Central Bank of Libya, talks about oil dependence, conflict and Libya’s role in promoting regional stability.

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.

Adopting a new tax system, Saudi Arabia and the UAE deliver a shock to companies and consumers—and reassurance to foreign investors.

As the region looks to diversify economically, Gulf banks get in line with global rules and standards. It’s not easy.

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.

As the war in Syria enters its final stages, regional and international investors are eyeing postconflict economic opportunities. 

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.

Banks' internal Shariah boards engender 'conflicting rulings,' so investors look to homogenize industry practices.

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.

The United Arab Emirates (UAE) wants to be one of the first countries in the world to roll out the fifth generation of mobile networks, more commonly known as 5G.

Without clear leadership, the world’s biggest ride-hailing company enters a phase of uncertainty.

Bruno Le Maire, France's new minister of the Economy — is appointed by Emmanuel Macron following the French presidential elections

The Central Bank of Bahrain will launch the kingdom’s first electronic wallet by the end of June, “an important step in enhancing the financial sector by providing innovative payment solutions aimed at both public and private sectors,” says Salman bin ...

Amazon enters Arab markets of the Middle East / North Africa region by buying up Souq.com, an established online retailer.