| 04.03.2010 - Planned Islamic megabank seen fuelling Gulf mergers |
| From Reuters: An Islamic megabank slated to open this year is expected to spur bank mergers in the Gulf Arab region, where lenders are struggling to compete with large financial institutions. Ernst & Young partner Sameer Abdi told the Reuters Islamic Finance Summit last month the firm expected to see an Islamic megabank launched within the next six to 12 months..............................................Full Article: Source |