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Awards for excellence - Regional awards - Middle East

In a closely-fought contest, Gulf International Bank wrests back its crown as best bank in the Middle East. Morgan Stanley is top in a growing debt market. Julian Marshall

Best bank:

Gulf International Bank


Best debt house:

Morgan Stanley


Best equity house:

UBS Warburg


Best M&A house:

Salomon Smith Barney


Best at transaction services:

Citigroup


Best at risk management and treasury:

Citigroup


This year Gulf International Bank reclaims the best bank award from its closest rival, National Bank of Kuwait. Again these two contested closely but GIB takes the award.



       
Jagdish Rao

One leading analyst covering the region points out: "If you're looking at the dominant regional performer, then GIB comes out ahead of NBK. It is particularly strong in wholesale banking but is improving in other areas as well."


These include investment banking, where it is adding to its product range following its acquisition of Saudi International Bank two years ago.










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