Arab World: Banking and Finance

Aramco IPO lures bankers to Saudi Arabia. Plus: start-ups eye global expansion of Islamic finance; Qatar spends its way past regional embargo; foreign investors hungry for Egyptian debt; UAE banking resilience put to the test

© Stéphanie BURET

Bankers are being kept busy in the region as slower growth leads to consolidation

Fintechs target growth in sharia-compliant products outside the main global hubs

Doha responds to regional blockade with plan of self-reliance and higher spending

Most business remains tied to the government, despite the kingdom’s push to diversify

Middle East lags behind global counterparts on digital innovation in finance

High yields and relative stability pique interest of foreign buyers

Exposure to struggling property sector will test Emirates’ resilience