VOL. XLIII

No. 38

18-September-2000

FinancialAnd Banking News

BankResults

MEESAnnual Survey Of GCC Banks: Prospects In The New Oil Price Environment

Aggregatefinancial results for Gulf Cooperation Council (GCC) banks at year-end 1999 andoil prices that are hovering above the $30/B mark have largely put an end tospeculation that some of the regions weaker banks might not have long left inthe game. But Gulf banks can ill afford complacency, and the latest round ofwindfall oil revenues, which is...