Qatar’s reserves nearly doubled to $39 billion due to the change giving it more foreign-currency liquidity.
Qatar has staved off disaster with new alliances. Still, the regional conflict must be resolved for long-term health.
GCC banks still dominate, with First Abu Dhabi Bank firmly on top.
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.”
Defined loosely as the region spreading from Israel, Lebanon, Jordan and Syria in the northeast, and including Egypt in the southwest, with Cyprus off the shore, the Levant sees many points of light despite the current gloomy outlook.
By June 2018, 32 million Saudi women will be allowed to drive.
The potential IPO for 5% of Aramco is expected to be the largest IPO ever and was scheduled for 2018.
These are the ratings for central bank governors from the Middle East and Africa regions in 2017.
Kåre Schultz will take over as CEO at a time when the pharmaceutical company struggles with competition, downward pressure on drug prices, expiring patents, rising operational costs, bribery investigations, fines and failed acquisitions.
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.
New regulatory demands are changing banking relationships and, combined with rapid technological change, squeezing transaction banks in the Middle East and North Africa.
The re-election of moderate Hassan Rouhani for a second term as Iran’s president ends a chapter in Iran’s history,
Our annual awards illustrate how shariah-compliant institutions are expanding into new markets, even in the non-Islamic West, and taking up the global call for “inclusive growth.”
Islamic finance has great opportunities to gain market share, says Endy Abdurrahman, CEO of Bank Muamalat Indonesia.
Investors snapped up Saudi Arabia’s debut international sukuk, a type of Islamic financing gaining popularity worldwide.
CEO Nemeh Sabbagh talks to Global Finance about how Arab Bank combines careful management with innovation in a region facing a challenging environment.
Nomu, a new Saudi equity market, will have lighter listing requirements than Tadawul, deepening the Saudi capital market with an alternative platform.
Amazon enters Arab markets of the Middle East / North Africa region by buying up Souq.com, an established online retailer.