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Government underpin to encourage lending during the pandemic has ended, leaving banks’ balance sheets vulnerable
Institutions are investing in a bid to reach ‘unbanked’ groups in Africa and the Middle East
The pandemic has battered sectors such as tourism, but the kingdom is showing signs of recovery — helped in part by government-back programmes to encourage business lending, as well as the expansion of the country’s car manufacturing and renewables industries. Meanwhile, critics are concerned about a weakness of opposition within the new parliament
Western banks that sold out stand to miss out on emerging opportunities
The crisis may have helped the country diversify leaving it in better shape than before
Sharp fall in oil prompted reforms and spurred interest in tie-ups
Arab Spring turmoil helped ADFG to become more opportunistic
Passive funds will automatically include equities from the oil state
Stand-off with neighbours blocks flow of money, people and goods
Cost-cutting measure aims to narrow budget deficit gap and balance the books by 2020
Country sharply affected by collapse in energy prices since 2014
Non-Muslim business students seek to understand sharia-compliant deals
Abu Dhabi and Dubai are striving to support and develop local financial technology start-ups
App inventors, website designers and investors cluster on the GrEEK Campus
The UAE is striving to support and develop local financial technology start-ups
They are benefiting from cutting-edge apps
The emirate is challenging tech developers to solve expensive problems
New regulations seek to protect executives at failing businesses from criminal prosecution
Many consumers are uncomfortable with western banking practices
Long drop in oil pushes six-member group to seek new revenues
In spite of enmity, oil exporters respond to low prices, tight budgets and chaos in Middle East
Start-up unit assists three lenders to overcome sanctions legacy
Intervention stokes unease about Riyadh’s ability to manage economy
Gulf states will be resilient in handling the current decline, writes Abdul Aziz Al-Yaqout
Culture of largesse is under pressure as the country accelerates efforts to cut dependence on crude
International Edition
