UAE may exclude bonds from bank lending limit
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Tue June 12, 2012 12:19 pm

UAE. The United Arab Emirates’ central bank may exclude bonds from a limit imposed on banks’ lending to local governments and related entities, local Arabic language daily Al Khaleej reported, citing people it didn’t identify.

Lending mustn't exceed 100% of banks’ capital base to governments of the UAE federation and their non-commercial entities, and 25% to individual borrowers, the central bank said on April 4.

There was no limit under previous rules.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 22, 2017
UAE. Despite worldwide changes, multinationals focus on mobile workforces to support career growth and ensure global competitiveness; Dubai rises to Top 20; Abu Dhabi (23rd) and Riyadh (52nd) also rise in the ranking, though modestly.
date:Posted: June 21, 2017
UAE. US exit from COP21 won't impact climate protection efforts; UAE opportunity to lead Middle East in growing renewable energy infrastructure.
date:Posted: June 21, 2017
UAE. Lack of investor understanding is the biggest challenge to the growth of REITs in the country and region, according to latest CFA Society Emirates survey.
dhgate