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: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
date:Posted: October 29, 2014
UAE. Significant increase in inflows of private capital into UAE in 2014; UAE seen as hub between Africa and Asia; Political stability remains a major factor driving flows; UAE clear winner in the region, as other GCC countries see net outflows of private capital.
date:Posted: October 28, 2014
INTERNATIONAL. Foreign policy is what a president wishes would happen; foreign affairs are what actually happen; the problem that Obama has, which has crippled his foreign policy, is that his principles have not been defined with enough rigor to provide definitive guidance in a crisis.
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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