VOL. XL

No. 41

13-October-1997

GCC

Free Market For National Banks Mooted By Central Bank Governors

Unconfirmed reports from the meeting of the GCC central banks held in Riyad on 8October suggest that the governors of the monetary authorities agreed on rules on theopening of national bank branches throughout the six states. The Governor of the CentralBank of Qatar, Mr. Abd Allah bin Khalid al-Atiyyah, told a press conference that therewould be no restraint placed on national banks except "those...