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Islamic Finance Briefing - Categorized | Banking, Performance more

Profits of Gulf banks weaken

Posted on 08 July 2009

From Gulfnews.com: Gulf banks will post lower second-quarter results as the cost of the credit crisis mounts and worries persist about exposure to troubled Saudi conglomerates, analysts said.

On the positive side, banks may benefit from higher oil prices and a credit market that is gradually opening up again……..Full Article: Source

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


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