Coronavirus
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COVID-19 to take a heavy toll on GCC bank profits in 2020, says Moody's
Slowing business activity across the GCC from the coronavirus outbreak amplified by falling hydrocarbon revenues are expected to impact the financial performance of banking sector, according to rating agency Moody’s. “The combination [of slowing economies and low oil prices] will impede lending growth, narrow interest margins and lead to a…
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