From Business24-7.ae: Arab banks need to develop units to better manage financial crises after they failed to anticipate the latest global fiscal distress and many of them suffered huge losses, a senior Arab banker said.

Fouad Shaker, Secretary-General of the Union of Arab Banks (UAB), blamed what he described as ignorance and fear of taking decisions for the recent spate of economic and financial crises throughout the world………………………………Full Article: Source