| 04.11.2009 - Gulf banks struggling to fund huge projects in the region |
| 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 |