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French banks plan to develop Islamic finance, Lellouche says

Posted on 18 January 2011

From Bloomberg: France plans to develop Islamic finance and attract investment from the Gulf to its economy, State Secretary for Foreign Trade Pierre Lellouche said.
“We’ve had some delay, compared to the British particularly,” Lellouche said in an interview in Abu Dhabi today. “The legal mechanisms are getting in place and French banks are very capable and they are at it.”………………………………………Full Article: Source

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