20.07.2009 - Saudi financial firms strive to overcome the turmoil
From Globalarabnetwork.com: Saudi companies have been less affected by the global financial crisis compared to their counterparts across the Gulf region, safeguarded by a remarkably strong and resilient Saudi economy, with steady growth rates driven by the conservative monetary policy which subsequently has helped companies maintain a solid financial standing. In addition, a large number of Saudi companies, especially those in the banking and investment sectors, operate under the Sharia'a principals, which have effectively shielded them from the negative effects of the global financial downturn and have helped them maintain the needed capital and the right personnel...........Full Article: Source