COVID-19: A Closer Look at the MENABanking Sector

The present article investigates the consequences of COVID-19 on the financial condition of the banking industry and economy of Middle East and North Africa (MENA) countries. The findings of the study reveals that the banks in the MENA region are deeply affected by the COVID-19 pandemic. The study's findings are anticipated to shed light on the government's action to avoid the negative impact of this crisis, and to find out the effect by the covid19 on the banking performance in MENA countries, with insights and benefits in mobilizing appropriate resources to improve the economy performance. The impact on banking is so huge that the recovery looks far-fetched. Our results are consistent with the MENA quarterly banking report Q3 (2020). The results of the study will help the banks and financial institutions in the MENA region to devise the appropriate strategy that can lead them on the road to recovery.