Gulf banks' urge to merge: Rohit Chawdhry, portfolio manager of BisB, Bahrain Islamic Bank, looks at the issue of overbanking in the Gulf region and the institutions anticipating mergers.
The Middle East › Nbr. 2009, January 2009
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BUSINESS AND FINANCE
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Gulf banks' urge to merge: Rohit Chawdhry, portfolio manager of BisB, Bahrain Islamic Bank, looks at the issue of overbanking in the Gulf region and the institutions anticipating mergers.
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THE GULF COOPERATION Council has ambitious plans. In the GCC states of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain, policy makers are looking to develop more-diversified and sustainable economies through a vast spending programme involving both public and private sources of financing. The Institute of International Finance estimates there are about $1.9 trillion worth of projects under way in the region, making the GCC one of the largest project finance markets in the world. While the majority of these are centered in the real estate/infrastructure sector, others such as...See the full content of this document
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