{"id":8618,"date":"2024-03-17T13:07:49","date_gmt":"2024-03-17T13:07:49","guid":{"rendered":"https:\/\/thegulfpress.com\/gcc-banking-outlook-2024-navigating-opportunity-embracing-change\/"},"modified":"2024-03-17T13:07:49","modified_gmt":"2024-03-17T13:07:49","slug":"gcc-banking-outlook-2024-navigating-opportunity-embracing-change","status":"publish","type":"post","link":"https:\/\/thegulfpress.com\/en\/gcc-banking-outlook-2024-navigating-opportunity-embracing-change\/","title":{"rendered":"GCC Banking Outlook 2024: Navigating Opportunity, Embracing Change"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"penci-post-entry-inner\">\n<p>\t\t\t\t<i class=\"penci-post-countview-number-check\" style=\"display:none\">19<\/i><\/p>\n<p style=\"font-weight: 400;\"><em><span style=\"color: #000000;\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-16376\" src=\"https:\/\/internationalbanker.com\/wp-content\/uploads\/2024\/03\/Asad-Ahmed-e1710410421838-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/internationalbanker.com\/wp-content\/uploads\/2024\/03\/Asad-Ahmed-e1710410421838-150x150.png 150w, https:\/\/internationalbanker.com\/wp-content\/uploads\/2024\/03\/Asad-Ahmed-e1710410421838-300x300.png 300w, https:\/\/internationalbanker.com\/wp-content\/uploads\/2024\/03\/Asad-Ahmed-e1710410421838.png 387w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\"\/>By <\/span><\/em><span style=\"color: #000000;\"><strong>Asad Ahmed<\/strong><\/span><em><span style=\"color: #000000;\">, Managing Director and Co-Head of Middle East financial services, Alvarez &amp; Marsal<\/span><\/em><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p style=\"font-weight: 400;\"><span style=\"color: #000000;\"><span class=\"su-dropcap su-dropcap-style-simple\" style=\"font-size:2em\">T<\/span>he year 2023 brought strong growth to the GCC (Gulf Cooperation Council) banking sector, defying global trends. The news from the United States and Europe was mixed, with banks posting good growth in most cases, though tempered by the overhang of commercial real-estate exposures that caused higher provisioning and a few cases of one-offs related to restructuring and replenishment of FDIC (Federal Deposit Insurance Corporation) insurance funds.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"color: #000000;\">Looking ahead, the region\u2019s GDP (gross domestic product) growth is&#8230;<\/span><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/internationalbanker.com\/banking\/gcc-banking-outlook-2024-navigating-opportunity-embracing-change\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>19 By Asad Ahmed, Managing Director and Co-Head of Middle East financial services, Alvarez &amp; Marsal \u00a0 \u00a0 \u00a0 \u00a0 The year 2023 brought strong growth to the GCC (Gulf&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1832],"tags":[],"class_list":["post-8618","post","type-post","status-publish","format-standard","hentry","category-finance-en","category-finance-ar"],"_links":{"self":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/8618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/comments?post=8618"}],"version-history":[{"count":0,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/8618\/revisions"}],"wp:attachment":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/media?parent=8618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/categories?post=8618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/tags?post=8618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}