• The solvency of the companies Revealed before the Gulf banks mid-year



    The solvency of the companies Revealed before the Gulf banks mid-year

    Sources revealed that the GCC credit linkage project and the exchange of electronic information is now in its final stages, that by mid-year, the Gulf countries will sign memorandums of understanding in preparation for the start of the actual connectivity and starting the process of the project, arguing that the work is going according to the mechanism adopted in advance and in a positive way.
     The sources pointed out, that link credit Gulf will begin a limited number of countries in the Council, which will be fully prepared for the link, and gradually any stages to be completed to link with the rest of the countries, adding: "A country will be ready will connect with the system directly, begins with the exchange of credit informationand the reason for this is to avoid delays in interconnection project. "
     According to sources, the GCC technical team finally met to discuss the matters detailed in the project, pointing out that the project will start in the early stages of linking the level of credit information companies in the Gulf, and then individuals.
     It continued: "linkage with companies will be first given the large size of funds by companies, mutual investments Gulf that need to be unified credit data contributes to the development of trade between the countries and projects base."
     The aim of the Gulf linking credit project to create confidence in the banking transactions between the countries, both at the individual level or at the corporate level, and grant funding to entities or persons who hold the appropriate financial solvency, and credit history good, and non-negative, and they have no mishaps, or banking problems, and to avoid risks.
    It also helps that the electronic link funders to take the appropriate decision, and as soon as possible serving the Gulf economy.

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