Arab lenders remain immune to global financial crises
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Arab lenders remain immune to global financial crises

Arab lenders remain immune to global financial crises

Adnan Yousuf, chairman of the Union of Arab Banks (UAB) has said lenders in the Arab world remain immune to the financial crises that have swept Europe and other countries as most of their assets are in US dollar and are expected to perform even better in 2013, Saudi Gazette has reported. "Amid this global economic outlook, the UAB database shows that Arab banks, despite what's happening regionally and internationally, are generally still safe from all these developments, and have not been significantly affected as other economic sectors," said Yousuf.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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