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Gulf banks struggling to fund huge projects in the region

Posted on 04 November 2009

From Gulfbase.com: Banks in the Gulf are unable to finance huge projects in the oil-rich region and fill a credit gap created by the withdrawal of foreign banks amid the global financial crisis, bankers said yesterday.

“The total shareholders equity of the top 150 Arab banks is just $170 billion [Dh624bn],” Shaikha Al Bahar, Deputy Chief Executive of National Bank of Kuwait, told the Kuwait Financial Forum………………………Full Article: Source

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