A recent alert from the United Nations has highlighted that over 60% of the Arab world’s population remains outside the formal banking system. The UN report emphasized the importance of financial inclusion and access to banking services for economic development and growth. The data provided by the UN revealed a significant increase in the number of Egyptians with bank accounts between 2016 and 2024. The figure tripled from 17.1 million to over 51 million, showcasing the progress made in improving financial access in the region. Experts emphasize that having a bank account is crucial for individuals to participate fully in the economy. The report underscores the ongoing challenges in expanding banking services to underserved populations in the Arab world. Lack of access to banking services can hinder economic opportunities and financial stability for millions of people. Initiatives to increase financial literacy and improve access to banking facilities are essential to address this issue. The United Nations continues to advocate for policies and programs that promote financial inclusion and address the barriers preventing large segments of the Arab population from accessing formal banking services. Efforts to bridge this gap are crucial for promoting economic growth and reducing inequality in the region.