18.06.2009 - Profitability prospects bright for Saudi banks
From Arabnews.com: Despite the global financial crisis, Saudi banks offer the best sustained profitability prospects and growth outlook among GCC (Gulf Cooperation Council) banks as they are not distressed, and they are among the best regulated in the region, according to a Banc of America Securities-Merrill Lynch report released this week. Saudi Arabia is better positioned than most GCC countries to weather the global recession as it was more prudent during the boom and has a large internal market with growth potential.........Full Article: Source