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Islamic Finance Briefing - Categorized | Banking, People, Performance more

UAB: Arab banks can play vital role in recovery

Posted on 21 July 2009

From Globalarabnetwork.com: Arab banks should play a bigger role in domestic development to accelerate the recovery of regional economies from the repercussions of the global financial turbulence, said the Arab World’s top banker.

Regional banks have the capability to play that part given their massive financial resources of nearly $2.2 trillion (Dh8trn) and their expanding role in world markets, said Adnan Ahmed Yusuf , Chairman of the Beirut-based Union of Arab Banks (UAB)…….Full Article: Source

 
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