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Al-Badawi: Gulf banks stay strong

Al-Badawi: Gulf banks stay strong

The Secretary-General of the Gulf Cooperation Council affirmed that the banking sector in the GCC countries has maintained its strength and stability despite current circumstances, supported by advanced regulatory policies and strong financial institutions. There has been an increase in total deposits and assets, with inflation rates remaining stable at around 2.1%, reflecting the Gulf economies' ability to face financial and economic challenges and to bolster regional economic stability.

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