Yemen’s Islamic banks welcome GCC-brokered deal

Bankers embraced the GCC backed peace deal after nine months of sometimes viciously violent fighting in Yemen’s own take on the ‘Arab Spring’, a new government of reconciliation being sworn in to replace President Saleh’s regime in Yemen.
It’s still too early for the Islamic banks to talk about improoving full operations, but Saeed al-Qurashi, head of research at Saba stated that business is picking up as the unrest fades away and the reconstruction begins.