The beneficial effects on regional domestic economies of a higher oil price from the middle of last year onwards meant that Arab banks generally enjoyed a steady 1999.
| Bahrain: Gulf International Bank, like Arab Banking Corp, is expanding in the region | ||||||
However, it is in the results for this year that the full effects of the oil price rise will be reflected and the many positive First-half 2000 bank Figures already are showing the trend.
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