VOL. XLIV

No. 02

8-January-2001

E-COMMERCE

Internet Banking In The GCC Is Growing, But Slowly

According to a report issued by ratings agency MoodysInvestors Service in December 2000, the provision of internet banking facilities in the GCC is constrained by several factors, including the lack of the necessary telecoms infrastructure, the lack of competitive pressures in the field and the low level of internet penetration. Entitled Internet Banking In The Gulf, the report also points to a shortage...