The banking sector in the Gulf Cooperation Council (GCC) region has been doing well. Banks have reported strong profitability and asset quality indicators in addition to strong capitalization and sufficient liquidity. This performance is expected to continue next year despite lower interest rates potentially impacting growth.
Yara Abi Farraj is a journalist for Economy Middle East, specializing in covering economic news and trends in the Middle East region. With a focus on business, finance, and technology, Yara provides insightful analysis and reports on key developments in the economy, including topics such as digital transformation, tourism, industry growth, and foreign direct investment.