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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Banks’ cautious approach may hurt SME growth

Posted on 14 March 2012

Extraordinary efforts are underway in the Gulf region focusing on the financial and banking sectors to resolve the crisis of financing small and medium-sized projects, which has almost stopped as a result of the global credit problems that started in mid-2008.
The credit crisis has led to a drastic decline in the volume of cash inflows to projects — also the emergence of strict banking conditions have paralyzed many projects. The crisis has also resulted in reducing growth rates, highlighting a serious decline in the levels of the GDP………………………………………..Full Article: Source

 
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