Calls for increased spending.Speakers at a financial forum in Kuwait yesterday urged Gulf states to boost spending in order to speed up recovery from the economic downturn, as well as step up financial sector supervision. "It is necessary to adopt an expansionary ex·pan·sion·ar·y adj. Tending toward or causing expansion: the empire's expansionary policies in Asia. fiscal policy to speed up the recovery from the global crisis. We must resolve credit bottlenecks for the construction sector and other companies," said the head of the Kuwait Chamber of Commerce and Industry Ali Al Ghanem. Governor of the Saudi Arabian Monetary Agency The Saudi Arabian Monetary Agency (SAMA), established in 1952, is the central bank of the Kingdom of Saudi Arabia. History At the time of its establishment, Saudi Arabia did not have a monetary system of its own. , or central bank, Mohammad Al Jasser said the financial sector was the main victim of the downturn and called for increased supervision on all financial institutions, controls on lending and stricter regulations to be imposed. 2009 Al Sidra Media Al Sidra Media LLC is a publishing company based in Dubai, UAE. It publishes the popular English-language newspaper 7Days, which is distributed for free. External links
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