Dammam leads Saudi cities with major gains in Kearney’s global index

RIYADH: Gulf Cooperation Council banks are well equipped to manage potential funding outflows in the event of ongoing regional conflicts thanks to strong liquid assets, an analysis has found.

Credit rating agency S&P Global did warn in its report, however, that financial institutions may require help from governments if their assets cannot be converted to cash easily.

Stress-tests from the US-based agency showed that modest and moderate developments in geopolitical tensions across the region will not significantly impact its banking…