Last Updated : GMT 09:40:38
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Thursday 26 June 2025
Last Updated : GMT 09:40:38
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GCC banks

Gulf banks to benefit from financial buffers

Themuslimchronicle, themuslimchronicleGulf banks to benefit from financial buffers288109/504
Riyadh - Muslimchronicle
Gulf banks are expected to benefit from an uptick in the regional economy next year, according to Moody’s. The credit ratings agency said the outlook for GCC banks was stable — reflecting strong financial fundamentals, particularly in the largest banking systems. Still, fiscal and geopolitical challenges remain for some economies in the Gulf, it said in a report released onRead more

GCC bank mergers ‘still rare despite tougher environment’

Themuslimchronicle, themuslimchronicleGCC bank mergers ‘still rare despite tougher environment’212784/243
Jeddah - Arab Today
Merger and acquisition (M&A) activity among GCC banks is still unusual despite a tougher operating environment across the region, says Fitch Ratings.  Even in cases where mergers appear to make sense, such as the planned merger of Bank Dhofar and Bank Sohar in Oman, negotiations can be protracted and difficult. The Omani banks called off the merger last week.  BanksRead more

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