|
$830 billion Arab savings are abroad
Regional, Economics, 2/21/1998
"The total amount of savings by Arabs abroad is $830 billion," Secretary General of the Union of Arab Banks, Dr. Adnan al-Hindi stated.
Efforts are underway to bring the money back to Arab states to fund companies and investment projects. "Ten central Arab banks agreed to collaborate in the capital of the proposed bank for investment," he told reporters.
The capital of the bank would be $500 million to improve trade among Arab nations. Recently, Arab states began to reduce tarrifs
Previous Stories:
Arab, U.S contacts to lift the embargo on Arab investment bank
(2/17/1998)
Arab unemployment rate reaches 11.5%
(2/16/1998)
Organization of Arab Labor calls for Arab labor charter
(2/10/1998)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
