Overseas Expansion
First Gulf Bank recently launched an Islamic banking window to service the growing market for Islamic banking customers. The bank's current CEO has also voiced ambitions to expand the banks' operations into other GCC countries and push into Asia as well. In the summer of 2007, FGB opened a rep. office in Singapore to take advantage of the growing Asian market.
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“Every expansion of government in business means that government in order to protect itself from the political consequences of its errors and wrongs is driven irresistibly without peace to greater and greater control of the nation’s press and platform. Free speech does not live many hours after free industry and free commerce die.”
—Herbert Hoover (1874–1964)