It seems that things will have a positive outlook for Yemen’s Islamic banks.
When pitched battles between pro- and anti-Saleh forces erupted in downtown Sana’a, the banking sector froze.
Tadhamon International Islamic Bank and the Islamic Bank of Yemen for Finance and Investment have still 80% of the banking sector’s activities paralyzed.
The GCC deal is centered on rebuilding the country, which has been crippled by 10 months of unrest.