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: July 29, 2016
INTERNATIONAL. Iran received its first delivery of Russian-made S-300 air defense systems in May; Satellite imagery shows intensive construction underway at an air base near Tehran to accommodate the systems.
date:Posted: July 28, 2016
LIBYA. Libyan strategic projects set to soar after Libyan Local Investment & Development Fund (LLIDF) appoints PwC as its strategic advisor.
date:Posted: July 28, 2016
BAHRAIN. "The move will also improve investor confidence and make Bahrain an attractive place to work and live in."
dhgate