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Growing pressure on Arab banks amid complex cross-border contracts, legal risks

Arab banks — numbering around 520 this year — are facing mounting challenges, led by the growing complexity of cross-border banking contracts and rising legal risks tied to modern financial products, Wissam Fattouh, secretary-general of the Union of Arab Banks, told Al-Eqtisadiah.  Fattouh said addressing these challenges, driven by global…

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Click here to read the full story: Arab News

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