From Albawaba.com: The Arab economies will grow between 2.4% and 4.5% by the end of 2010 and rise by more than 5% in 2011. These positive remarks were made by Jassim Al Mannai, Director General of the Arab Monetary Fund.
According to him, the Arab economies and banks are in better position compared to those in other parts of the world. He added they were less affected by the global financial crisis. Al Mannai explained that the actions by several countries to confront the crisis by increasing spending and injecting additional liquidity to banks helped them to confront the crisis……………………………………….Full Article: Source