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FINANCIAL NEWS
Kuwait provides profitable heaven for financial institutes
09 Dec 2015
(MENAFN) Kuwait came in first place in drawing branches of Gulf commercial banks with eight branches, followed by the UAE and Saudi Arabia, with six branches each, which indicate its top-notch performance.
The last decade has seen a growth in the field of taking advantage of the GCC’s decision to allow commercial banks to open branches in other Member States where the number rose from 14 branches in 2005 to 27 in 2014.
Moreover, there has an increase in the number of beneficiaries of the decisions taken by the Supreme Council since 1982 which allowed citizens to operate a number of economic activities in other GCC countries.
The provided information can only show the robust and deep relationship between all member of the GCC, which is being improved and enhanced year on year to the best standards and principals there is.
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