Arab funds invest $21 trillion abroad

Arab funds invested $21 trillion abroad, disclosed the Union of Arab Banks (UAB) conference, which ended recently in London.  

The two-day conference stressed on the Arab market's inability to draw a considerable capital volume, given legal and legislative restrictions.  

The participants in this conference, which included 230 Arab banks and financial institutions, urged Arab countries to carry on the reform of their policy and improve their economic competitiveness. (menareport.com)

© 2004 Mena Report (www.menareport.com)