From Globalarabnetwork.com: According to Global Investment House report, the financial results of the banking sector in the Gulf Cooperation Council (GCC) states showed a retreat in net profits in 2009 by 8.5 percent to hit USD 14.4 billion compared with 15.7 billion in the previous year.

It also made clear that this sector did not see a hike in its net profits in 2009 except in the Kuwaiti market that has its net profits rallying by 70.02% at a time when the Bahraini banking sector led the retreats by 35.2 percent……………………………………..Full Article: Source

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