| Global Awards for Excellence | ||
| Outstanding Contribution to Financial Services in the Middle East | ||
| Bahrain | Egypt | Iran |
| Jordan | Kuwait | Lebanon |
| Oman | Qatar | Saudi Arabia |
| UAE | ||
 |
Best bank: Ahli United Bank |
The past year has been difficult for some of Bahrain’s leading banks. Both Gulf International Bank and Arab Banking Corporation fell victim to the US sub-prime crisis: GIB undertook a $966 million write-down, and Arab Banking Corporation wrote down $230 million.
Ahli United Bank suffered no such misfortunes. Instead it has delivered another strong performance. Net income in 2007 hit $296.3
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