04.02.2011 - Saudi spending to drive Islamic loans from five-year low
From Arabianbusiness.com: Saudi Arabia will lead a rebound in Islamic loans from a five-year low in 2011 as accelerating economic growth and development spending boost financing needs, Banque Saudi Fransi and Standard Chartered say. Syndicated loans that comply with Islamís ban on interest declined 23 percent to $6.2bn in 2010 for Europe, the Middle East and Africa, compared with a 59 percent increase in total lending to $916bn, according to data compiled by Bloomberg..............................................Full Article: Source
Print