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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Gulf banks urged to merge

Posted on 04 November 2009

From Thepeninsulaqatar.com: Gulf banks should merge in the wake of the financial crisis, first in their home markets and then across borders, Oman’s Central Bank head and senior Gulf bankers said yesterday.

Gulf central banks should begin by encouraging domestic consolidation and then expansion throughout the region to build up stronger financial institutions, Oman Central Bank Executive President Hamood Sangour Al Zadjali said………………………Full Article: Source

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