International summit of Arab bank sector opened in Istanbul

Heads of Arab banks, holding $2 trillion dollars in reserve, met in
Istanbul. The International summit of the Arab banking sector will
discuss the opportunities for cooperation in the process of coming out
of the crisis, TRT reports.

Turkish Minister of State and Vice-Premier, Ali Babadjan, addressed
those who criticise Turkish efforts in settling regional problems.
Babadjan emphasized the importance of relations between Turkey and the
West and the East, saying that rapprochement of the Turkish and Arab
communities is a “natural process”.

He said that Turkey has a clear policy. The participants of the
meeting pointed out that Turkey has a stable economy and policy and
the share of foreign capital in the banking sector reached 40%. The
heads of Arab banks emphasized that cooperating with Turkey will help.