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Author:Dudley, N.
Title:Arab banks begin to modernize
Journal:Euromoney
2001 : MAY, 385, p. 52-58
Index terms:ASIA
BANKING
BANKS
MIDDLE EAST
INTERNET
Language:eng
Abstract:The paper deals with the efforts of banks in the Middle East to implement Internet banking system. The paper considers the following subjects: Economic factors contributing to the rise of Internet banking; Expansion and growth of banks through Internet banking; Changes to the banking system in Bahrain. The author states that more and more Arab banks accept that they must embrace the internet or risk losing share in their home markets to more technology-savvy international players. National banks see the internet as a means to realize their regional ambitions. Change is under way across the region, perhaps most notably in Bahrain, traditionally the key offshore banking centre in the Gulf.
SCIMA record nr: 228430
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