Uncertain Future For GCC SMEs

Uncertain Future For GCC SMEs

Outdated lending practices and a structural focus on government-related enterprises are keeping banks from backing the region’s beleaguered smaller companies.

Saudi Arabia: Austerity Drive Kicks In

Saudi Arabia: Austerity Drive Kicks In

Economic reforms are hampered by worries they might undo the tacit cradle-to-grave social compact between the monarchy and Saudi citizens that provides a safety net in return for political stability. 

Future Uncertain

Future Uncertain

The MENA region is rapidly minting millionaires, but the Covid pandemic and a generational shift in ownership of wealth promise changes in how it’s invested and in what.  

Middle East Supplement 2020

Middle East Supplement 2020

The impact of COVID-19 and the 50% drop in oil prices since the pandemic struck will challenge all of the economies in the Middle East region. Travel restrictions and a simultaneous drop in domestic and external demand are hitting the region hard. There are bright spots, nonetheless, and reasons to expect this part of the world to remain resilient, with help from strong foreign exchange reserves in the big oil-producing countries.

Lebanon’s New Deal

Lebanon’s New Deal

A close-up look at how Lebanon and its banks reached the edge of the cliff—and the tough choices they need to make to step back from the brink.