14.10.2009 - Mideast banks resilient to crisis, poised for growth
From Gulfnews.com: The Middle East banking sector has been remarkably resilient to the global financial crisis and is poised for growth in light of regional market reforms and global structural changes favouring the region, said Dr Omar Bin Sulaiman, Governor of the Dubai International Financial Centre and Vice Chairman of the UAE Central Bank on Tuesday. "During a period of great strain on financial systems across the globe, markets, governments, regulators and institutions in the Middle East have responded professionally and appropriately. We now are in a position to declare with a great deal of confidence that the region has successfully passed through the worst of the crisis without experiencing any systemic risks.......................Full Article: Source