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S&P report sees Gulf banks replacing European banks as major acquirers in Middle East And North Africa

Banks in the oil-rich countries of the Gulf Cooperation Council are becoming active buyers again of stakes in banks in the Middle East and North Africa and even farther afield, Standard and Poor's said. As acquirers in MENA, Gulf banks are taking the place of European banks that are shoring up their…

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Source: Standard & Poor's

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