The May visit by IMF Deputy Managing Director Murilo Portugal saw him deliver a combination of praise for efforts to strengthen Tunisia’s banking sector, with warnings regarding the continuing worry …
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Morocco’s Central Bank, Bank al-Maghrib (BAM), is joining the growing trend in embracing sharia-compliant finance. For some time, regulators had outlawed banks from offering such products. However, earlier this year, …
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he proposed privatization of Credit Populaire d’Algerie (CPA) has shown the government’s renewed confidence in the private sector, with several international players bidding. Four years after the collapse of Khalifa …
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In the last few years, leading Lebanese banks – Byblos Bank, Fransabank, Bank of Beirut and Audi Saradar – have set up shop in Khartoum. The expansion of Lebanese banks …
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The flurry of mergers and acquisitions that has taken place in Egypt over the past few years continues apace, egged on by the Central Bank as part of the state’s …
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Last month, the governor of Kuwait’s central bank, Sheikh Salem Abdelaziz al-Sabah, announced that his national currency would no longer be pegged to the US dollar. It was a shock …
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Bahrain is well on the way to becoming the Islamic banking hub of the Middle East, but the small Gulf island faces stiff competition from Dubai, Saudi Arabia and Qatar, …
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The sands of Qatar might as well be gold dust, or so one is tempted to think when contemplating the recent rise of Qatar to one of the world’s three …
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In a region abounding with new wealth and enticing investment opportunities, no market has greater scale and vaster projects than Saudi Arabia. The kingdom’s banks are pulsating with financial energy …
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UAE’s banking sector is the second largest in the GCC with asset growth outstripping GDP since 2000, according to latest official figures. Banks in the UAE were expected to face …