Prices have been on an upward trajectory in 2021, with oil leading the pack. Factors such as increased demand facing reduced supply led to crude prices jumping nearly 45 percent during the first half of the year. Will it hit the milestone of $100 per barrel soon? Some experts predict it will, while others hold more reserved expectations.
COVID-19 Response in MENA: The challenges and opportunities for the banking sector and financial inclusion
No part of the world has been spared the COVID-19 economic saber, but the MENA region is suffering from a double-edged sword: the pandemic and persistently low hydrocarbon prices. Despite the recession specter, many banks, both central and private, are doing what they can to minimize the damage for citizens and businesses. Confronting the challenges, they are finding new opportunities, primarily through digital means, to improve their operations and reach.