Arab banks urged to brace for new world financial order
"Arab banks should take urgent measures to ensure stronger co-ordination so they can play an active role in the development of a
new world economic
order spawned by the current financial crisis, the top Arab banker has said.
Adnan Ahmed Yousuf, Chairman of the Union of the Arab Banks (UAB) said all countries are expected to contribute to the evolution of the new global system, adding the recent trips by British Prime Minister Gordon Brown and other officials to the Gulf illustrated the important part it can play in this field.
"All countries are expected to participate in the
new world financial
order, including the Arab states. The trips to the Gulf by Gordon Brown and other officials represent a clear recognition of the role of regional states in tackling the current crisis. In recognition of such a role, they should be involved in forging the new global economic order on par with other nations," Yousuf wrote in the Arabic magazine of the Beirut-based UAB."
"Arab banks are today called upon to enter the local markets with full force, whether through direct investment, offering credits or entering as partners. If they want to play an active role in setting up the
new global order, Arab banks in co-ordination with their central banks should act quickly to restore the confidence of all parties with which they deal whether they are shareholders, investors, creditors or other customers."
http://www.business24-7.ae/articles/...25652ac58.aspx
Nah there's no conspiracy.