Kit Gillet is a freelance journalist currently based in Bucharest. His work appears regularly in the international press, for publications including The New York Times, The Guardian, The Economist, Monocle, The Financial Times, Los Angeles Times, The Wall Street Journal and CNN.
Middle East

Saudi banks’ growth hit by liquidity squeeze

Liquidity in the Saudi Arabian banking sector has tightened, but there is no cause for concern just yet, reports Kit Gillet. However, the central bank is introducing measures to ease the pressure and boost lending.

Is the Gulf banking sector set for a wave of consolidation?

The merger between National Bank of Abu Dhabi and FGB could well trigger a series of consolidatory moves across the Gulf 's banking sector. But will this lead to the emergence of a handful of regional powerhouses?

Qatar’s CBG builds banks’ capital defences

Low oil prices could have hit Qatar's economy hard, but early action from the government appears to have shielded it from the worst of the impact. The country's central bank governor, Sheikh Abdulla Bin Saoud Al-Thani talks to Kit Gillet

Changing economics shifts Qatari banking landscape

As the Qatari economy begins to slow on the back of decreasing oil prices, liquidity in the country's banking system is feeling the squeeze. Ratings agencies have responded with downgrades, yet recent results are healthy as banks pursue new sources of growth.

Qatar remains strong in the face of new economic challenges

Qatar is expected to post its first budget deficit in 15 years in 2016, but, far from buckling under the pressure, the country is stepping up to the challenge of diversifying its economy and reining in public spending,