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.
