Investment Banking
Regulation, Risk & Compliance
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Saudi, UAE banks stand to lose if they cut financial ties with Qatar
Banks in Saudi Arabia and the UAE will be “materially impacted” should the Gulf Cooperation Council decides to sever financial ties with Qatar, according to Bank of America-Merrill Lynch. Estimating $35bn (20% of gross domestic product) in Qatar’s banking sector capital outflows within one year if the GCC decides to…
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Click here to read the full story: Gulf Times