As economic instability, turbulent markets and increasing risks from geopolitical tensions weigh in on MENA economies combined with the economic impact from protracting oil prices, the MENA region is in effect preparing for a significant surge in corporate insolvencies. The listed banks in the region are contending with USD 50bn in non-performing loans, a testament to the escalating financial pressures, while the Americas have been witnessing a 360% increase in troubled bonds and loans since 2021 and Europe faces a $785 billion debt wall due in the next few years, according to Bloomberg. This financial tumult witnessed the world over…
