Financial and Banking News
REGIONAL BANKING
ABC's Saudi Warns of Arab Debt Crisis
The Chairman and Chief Executive of Arab Banking Corporation (ABC), Mr. Abdullah Saudi, last week warned a symposium of the Union of Arab Banks held in Vienna that "the major Arab banks face their largest challenge and simultaneously great opportunities in forestalling a looming Arab debt crisis over the next few years." Mr. Saudi estimated the total volume of Arab debt at between $60bn...
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