30.01.2009 - Gulf banks’ urge to merge
From Africasia.com: The Gulf Cooperation Council has ambitious plans. In the GCC states of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain, policy makers are looking to develop more-diversified and sustainable economies through a vast spending programme involving both public and private sources of financing. The Institute of International Finance estimates there are about $1.9 trillion worth of projects under way in the region, making the GCC one of the largest project finance markets in the world..... Full Article: Source
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