Qatar: According to a study by Global Investment House (GIH), Qatar's banking sector has seen a 68% year-on-year growth in their profits in the first quarter of 2012; outperforming the GCC average of 18%, Gulf Times has reported. "Qatar once again exhibited the strongest quarter-on-quarter as well as year-on-year growth in profits with a growth of 58% and 68%, respectively," GIH said, adding that, barring the UAE, all the Gulf countries recorded significant jump in profits. [AMEInfo.com]
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