A Huffalump did his business here...: Gulf Banks Emirates Bank

Sunday, October 29, 2006

Gulf Banks Emirates Bank

Gulf Banks are setting up shop in sunny Singapore.

The latest is the Emirates Bank (Dubai based - ROE last year was 25.5%) at Raffles Place.

This follows Qatar National Bank, Doha Bank.

Both like the UAE(United Arab Emirates) are members of the Gulf Cooperation Council

The only Arab bank with a wholesale licence here is the National Bank of Kuwait.

Source: The Business Times 061030

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