Banks in Kuwait may have taken a knock from Covid-19 and its related effects, but optimism remains.
Kuwait relies on public sector wages and energy subsidies. If the country is to revive its withered private sector, radical changes are needed.
Covid-19 has had a dramatic impact on the markets over the past year, especially as far as oil is concerned.
Record low for the country’s currency in early March sparked angry protests, and there is little sign of improvement on the horizon.
Western Union is one of a number of major companies to seize digital opportunities in the underbanked Middle East and Africa regions.
Government acts as lower oil prices and the pandemic result in a rating downgrade.
Tie-up between NCB and Samba Financial heralds a second wave of bank consolidation in the region.
The Middle East and north Africa has some of the lowest access to financial services in the world, but work is underway to change this.
Gulf kingdom reportedly seeking to snatch multinationals from Dubai, as sovereign wealth fund ramps up investment.
Gulf country’s financial sector has withstood twin shocks to the domestic economy.
Wide-ranging legal changes have been designed with foreign residents and investors in mind.
IFC vice-president for the Middle East and Africa, Sérgio Pimenta, on Covid-19’s lasting impact on economies in the two regions.
The gap in levels of accessible healthcare for those in developed and emerging markets is vast but technology offers a solution.
Despite optimal conditions for a digital shake-up of the banking sector, a genuine challenger has yet to emerge.
Gulf state hopes economic independence because of blockade will help it withstand downturn.
Despite rising non-performing loans risk, confidence in banking system remains high.
Supportive measures will ease economic stress, says governor Abdulla Bin Saoud Al-Thani.
The head of Saudi Arabia's National Development Fund explains how the fund intends to support national businesses in the face of the Covid-19 crisis.
Saudi Arabia's Vision 2030 economic overhaul is being put to the test by the coronavirus pandemic.
Saudi banks, confident of surviving the crisis-driven lockdown, are speeding up their digital capacity and looking to support clients.