| From Saudigazette.com.sa: Banks in the energy-rich Gulf in 2010 face another difficult year as they continue to clean up their loan books, impacting on performance, the ratings agency Standard and Poor’s said on Tuesday.
The global economic slowdown and financial crisis have put the banking sector in Arab states of the Gulf to the test over the past 18 months, as dozens of negative rating actions were taken throughout 2009, the agency said.........................................Full Article: Source
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