Middle East Economic Survey

VOL. XLVIII

No 28

11-July-2005

Regional

GIH Positive On GCC Banks Medium-Term Prospects, But Calls For Changes

The GCCs banking industry has been following a strong growth trajectory over the past few years due to the boom in the oil and gas industry and record high oil prices, according to the GCC Banking Sector Report issued by Global Investment House (GIH) in May, which covers 45 listed banks (see http://www.globalinv.net/research/GCC-Banking-Sector-2005.pdf for the...