Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

REGIONAL

Global Competition Set To Drive Consolidation Among Gulf Banks, Says S&P

The consolidation of the Gulf banking industry, which has so far been limited, is likely to become a necessity in the coming years as international competition increases, ratings agency Standard & Poors (S&P) has said in a new report. According to the report Gulf Banks Will Have To Consolidate To Meet Tomorrows Global Competition published on 13...