Will 2011 Be The Best Year For Gulf Banks?
| November 20, 2011 | Featured Qatar, Featured Saudi Arabia, Featured UAE, Kuwait, Qatar, Saudi Arabia, UAE | No Comments
While their global counterparts slash and burn, Gulf banks are collectively set for their best year - ever — according to KAMCO.
While major blue-chip banks across the world are cutting back, shedding staff, deleveraging and recoiling at the thought of major sovereign defaults in Euroland, Gulf banks have quietly bulked up. Their prudence has allowed them to escape much of the crisis facing the global financial services industry, and they have benefited from great government support that has ensured they lived through the soul-crushing global financial crisis of 2008. READ MORE HERE