This paper examines the impact of the global financial crisis on the banking sector in the Middle East and North Africa (MENA) region, as well as the main determinants of the profitability of both domestic and foreign banks. The empirical findings suggest that during the crisis the former...

This paper examines the impact of the global financial crisis on the banking sector in the Middle East and North Africa (MENA) region, as well as the main determinants of the profitability of both domestic and foreign banks. The empirical findings suggest that during the crisis the former...

The countries of the Middle East and North Africa (MENA) have been recovering from the global financial crisis, but the recent political turmoil has interrupted the pace of credit and output recovery in many countries. The political turmoil in the MENA region reveals deep-seated frustrations and...

Although the global financial and economic crisis hurt economies worldwide, the economies at the southern Mediterranean rim have so far done well to weather this global hurricane. However, their economic growth has been slowing down and dependent upon their domestic policy reactions amongst...

The full report on which this Quick Note is based argues that Middle East and North Africa's (MENA's) financial systems contributed significantly to these unsatisfactory outcomes by failing to provide affordable access to finance to large segments of the enterprise and household sectors. The...