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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Gulf banks defy strain on liquidity

Posted on 08 September 2010

From Saudigazette.com.sa: Gulf banks rates appear to be showing signs of improvement, after spending more than $20 billion on loan loss provisions and investment impairments since 2008, Standard & Poor’s Ratings Services said on Wednesday.
Thanks to high oil prices and government policies, the economies in the Gulf Cooperation Council (GCC) - comprising Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates (UAE), and Oman - are starting to recover, according to a report titled “Gulf Banks Are Weathering The Storm But Still Face Tight Liquidity.”………………………………………Full Article: Source

 
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