ARAB BANKS 2.3 TRILLION AND COUNTING

ARAB BANKS 2.3 TRILLION AND COUNTING: "

ARAB BANKS 2.3 TRILLION AND COUNTING: ’

They create nothing, invent  nothing, produce nothing, contribute nothing to the advancement of humanity ……………. they extract oil from the ground via American technology. Oil, second largest export next to Islamic terror. We must shut off the spigot. Cut the head off the snake.

The Arab banking sector is booming with a consolidated balance sheet of $2.3trillion and expected consolidated profits of $35 billion for 2007. Adnan AhmedYousif, chairman of the Union of Arab Banks and CEO of Bahrain-based AlbarakaBanking Group, touted Arab banking as a cornerstone of the regional economy, andnoted that they have managed to absorb much of the impact of the global creditcrunch triggered by the US sub-prime mortgage crisis. He also said that it wasimportant to bring the EU and GCC blocs together as part of a strategy aimed atenhancing the base of trade, investment and commercial ties with Europe. MEMRI Economic blog

‘(Via avideditorla’s shared items in Google Reader.)

"

(Via The Avid Editor's Insights.)