01.12.2009 - Islamic finance is growing at a phenomenal pace in Saudi Arabia
From Menafn.com: Muhammed Al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA), is the new kid on the block, taking over as the new Saudi banking regulator in April this year. With his stint as an IMF executive director for Saudi Arabia and his postgraduate education in the US, he has indeed become a sophisticated and savvy operator. He brims with confidence and he talks the talk and walks the walk as the gatekeeper of the Saudi financial and economic sector, potentially one of the most influential in global finance because of its huge petrodollar surpluses and the fact that the Kingdom is the world's largest oil producer and exporter, and as such exercises a vital role as swing producer in global oil market dynamics..................................Full Article: Source