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UAB calls for comprehensive Arab strategy

UAB calls for comprehensive Arab strategy
Photo Credit: Arabianeye-Reuters

Riyadh-Mubasher: The Union of Arab Banks (UAB) called on Friday for a comprehensive Arab strategy to boost financial strength coupled with stepping up fight against money laundering and terrorism financing.

UAB, in a statement at the end of its conference in Beirut, called for achieving financial stability and integrity, and protection of consumers' money.

The union underlined importance of the Islamic banking, and that financial institutes should integrate social responsibility with sustainable development principles in their funding policies.