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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Mergers overdue in UAE banking sector

Posted on 17 June 2009

From Financeasia.com: How many local banks does your country have? Hong Kong has 23 licensed banks and Singapore six — run-of-the-mill numbers for countries with around seven million and five million residents apiece.

Shift gears to the Middle East. The United Arab Emirates (UAE), the financial and logistics hub of the region, has more than 50 banks……..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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