IDB Chief hails strength of Saudi Economy

Tunis, November 15, SPA -- President of the Islamic Development Bank
(IDB) Dr Ahmad Mohammed Ali has highlighted the strength of the Saudi
economy and its sound bases.


In a statement to Saudi Press Agency (SPA), he said the available
surpluses for the Saudi economy have enabled it to confront the
adverse impact of the global financial crisis.


He noted that the statements issued by the Saudi Arabian Monetary
Agency (SAMA) have had a positive impact on the financial
institutions and individuals.


Meanwhile, Dr Ali said the IDB, which has been adherent to the
Islamic rules and teachings, has never been affected by the global
crisis and all of its assets and financial capabilities are safe.


He expected that the Arab capitals deposited at the international
banks and financial institutions will return to the Arab region
following the global financial crisis.