29.06.2010 - Gulf banks 'need more provisioning'

From Tradearabia.com: Some Gulf banks need more provisions to scrub themselves clean from problems from the credit crisis and their lending must become more prudent to avoid future bubbles, the head of the Arab Monetary Fund said. Jassim Al-Mannai, director general of the Abu Dhabi-based AMF, also told Reuters in an interview the Arab economies will grow around four percent this year but that he saw no threat from inflation..............................................Full Article: Source

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