Author Philip Molyneux: Professor Philip Molyneux is Dean of the College of Business, Law, Education and Social Science, and Professor of Banking and Finance at Bangor University, UK. His mian area of research is on structure and efficiency of banking markets and he has published widely in this area. He has also published a variety of texts on banking areas and acted as a consultant to: New York Federal Reserve Bank, the World Bank, the European Commission, the UK Treasury, Citibank Private Bank, Barclays Wealth, McKinsey & co, Credit Suisse and various other international banks and consulting firms.

• List of Tables List of Figures Preface About the Authors Introduction An Overview of Arabian Economies Economic Performance of Arabian Countries during the 1990s Banking and Financial Systems in Non-Gulf Arab Countries Banking and Financial Systems in Gulf Co-operation Council Countries Islamic Banking Financial System Efficiency Efficiency in Arab Banking Current Developments and Future Prospects for Arab Banks Notes Refereences Index