This study examines the relationship between initiating structure and consideration leadership styles, creativity and innovation in organisations operating in Arabic and European cultures. The study involves a questionnaire-based survey of employees from the financial sector. The sample consists of a total of 75 full time employees from Cyprus and 69 full time employees from the United Arab Emirates who participated in the study. The responses will be subjected to a series of factor, correlational and regression analyses. The study revealed three major findings. Firstly, the relationships between consideration leadership and creativity and innovation for both samples are strong, positive and significant. Secondly, the correlations of creativity and innovation with initiating leadership for both samples are weaker, less positive and significant compared with those of consideration leadership. Finally, the findings demonstrated that the initiating structure and consideration style managers exercise comparable influence on the dimensions of creativity and innovation in the Arabic culture. Limitations and directions for future research are discussed.