VOL. XXXVIII
NO. 52
25-SEPTEMBER-1995
Financial andBanking News
Regional Banking
Gulf Banks: A Mixed Year Foreshadows Good Long Term Prospects
In 1994 the Gulf banks were broadly unable to sustain the dramatic profitgrowth that they produced in the early nineties as market conditions tightenedand difficult bond markets denied the sector one of its more lucrative sourcesof income of recent years. Many have been so badly burned by the experience inthe bond markets and the foreign exchanges that they...
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