28.10.2009 - Bad loans in Gulf banks may still rise: IMF
From Tradearabia.com: Gulf banks may still face an increase in bad loans but tests show a large capital injections may be needed only if volumes of bad loans rise sharply, an official at the International Monetary Fund said. The global credit crunch sent shockwaves through the world's top oil producing region, piercing an asset price bubble, which froze lending, squeezed liquidity and sent key economies Saudi Arabia and the United Arab Emirates into a downturn this year..........................Full Article: Source