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Tight lending conditions prevail

The private sector in the oil-rich Gulf States (in particular the UAE and Kuwait) is still struggling with tight credit conditions. The region’s banks are slowly recovering from the aftermath of the global financial crisis. Meanwhile, banking conditions in the resource-poor countries (in particular Jordan) are stronger. This reflects the fact that the banking sector in the poorer parts of the Middle East was less affected by the financial crisis in the first place.

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