VOL. XLIV

No. 23

4-June-2001

Arab Banks Must Consolidate And Accelerate Efficiency Drive

Arab banks have been slow to capitalize on the globalization of financial markets as a way of improving their efficiency, productivity and profitability. With the growing consolidation of the international banking arena through the creation of mega-banks, the introduction of a single currency in Euroland and the adoption of global electronic transaction systems such as Continuous Linked Settlement (CLS),...