Saudi oil-led growth spurs banks to expand in Kingdom
2012-04-18 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: British lenders Standard Chartered and Barclays are expanding in Saudi Arabia as oil above $100 a barrel and record bond sales bolster earnings in the biggest Arab economy, Bloomberg has reported. Barclays is expanding operations to target more millionaires, said Rory Gilbert, the head of Middle East and North Africa. Standard Chartered also started a capital markets office in Saudi Arabia, Viswanathan Shankar, the bank's chief executive officer for the Middle East, Europe, Africa and the Americas, told the news service.  

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