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Turkey, IDB plan regional Islamic 'megabank'Turkey will partner with the Islamic Development Bank to create a regional Islamic finance "megabank", Turkish Deputy Prime Minister Mehmet Simsek said on Wednesday, as part of a government drive to become a powerhouse in Islamic finan More… |
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Islamic megabank may fuel Gulf mergersAn Islamic megabank slated to open this year is expected to spur bank mergers in the Gulf region, where lenders are struggling to compete with large financial institutions. Ernst & Young partner Sameer Abdi told the More… |
