GCC Banking & Finance: Ushering in the age of the consumer

MENA Outlook Quarterly
Q4 Outlook

MENA is bracing for its largest economic slump in decades due to the double shock of low oil prices and COVID-19. This is exposing the banking and finance sector in the GCC to funding and liquidity constraints. The robustness of the banking system in the region helped to absorb the hit to some extent. In our Q4 report, we explore:

  • The impact of easing capital requirements, prudential liquidity and stimulus measures implemented by GCC central banks;
  • The new frontier in e-commerce and fintech activity brought by COVID-19;
  • The impact on MENA economies of the prospect of lower oil prices for longer and a potential COVID-19 second wave.

 

Florence Eid-Oakden, Ph.D, Chief Economist

Ghalia Al Bajali, Leila Lajevardi, Mingqiao Zhao, Bouchra Abaakil, Halimo Mohamud & Kevin Johnson, Analysts

The MENA Outlook publication presents Arabia Monitor’s insights on global markets, outlines and analyses regional future trends and defining themes, and then focuses on individual country macroeconomic views.

For more information on how to access the full report, please click here.

SHARE THIS ARTICLE