Gulf Banks Safe As Houses Compared To Vulnerable EU Banks

alifarabia | September 15, 2011 | Macroeconomic Data, Markets, Qatar, Saudi Arabia, UAE | No Comments

Robust and timely support from the Gulf central banks have made the region’s key financial institutions secure and safe powerhouses.

Their strength is in sharp contrast to the banks of the OECD, especially the European banks which are facing a calamitous future especially if the sovereign debt from Greece and other EU states blows up in their faces. READ MORE HERE

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