Gulf bankers, hit by a dearth of deal flows so far in 2011, are hoping sovereign wealth funds will drive a second-half rebound powered by a buoyant oil price and an easing in political tensions.
The state-owned funds, allocators of the sta
Economic growth in the six-nation Gulf Arab region is strengthening but a major risk to the outlook is that oil prices remain low for a protracted period, the International Monetary Fund said on Wednesday.
In an updated report on Gulf Coop
The economic growth in the Gulf will outpace the world's industrial giants next year, according to a top financial expert.
The balance sheets of the GCC governments are very strong, in contrast to those of the G7, says Bahrai