30.11.2010 - Arab banks’ assets exceed GDP
From Emirates247.com: Arab banks are expected to gain nearly $300 billion in assets at the end of 2010 to surpass the region’s gross domestic product and this should prompt them to expand their role in the domestic economy, the top Arab banker has said. The combined assets of the nearly 470 Arab banks could peak at over $2.5 trillion at the end of this year compared with nearly $2.2 trillion at the end of 2009, said Adnan Yousuf, Chairman of the Union of Arab Banks UAB)..............................................Full Article: Source
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