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Wednesday, March 20, 2013

Arab economies to grow at 3.5 pc in 2013


Arab countries can expect an average growth of 3.5 per cent this year, according to Al Baraka Banking Group president and chief executive Adnan Yousif.

Speaking on the sidelines of the bank's annual meeting at the Sheraton Hotel yesterday, he said there were signs that the economy was improving across the region, and things were looking up for the financial industry.

He said that the bank was continuing to grow and was on course with its aim to have 700 branches by 2017, reported the Gulf Daily News, our sister publication.

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