S&P sees ‘start of a new era’ for Gulf banks as declining oil wealth – Bloomberg

S&P sees ‘start of a new era’ for Gulf banks as declining oil wealth – Bloomberg

Gulf banks are entering an era of lower profits due to the coronavirus outbreak and falling crude prices, according to S&P Global Ratings. “The pandemic and falling oil prices could mark the start of a new era,” S&P analysts led by Mohamed Damak in Dubai said in a report. “This new era is characterized by […]

The post S&P sees ‘start of a new era’ for Gulf banks as declining oil wealth – Bloomberg

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