VOL. XXXV

NO. 8

25-NOVEMBER-1991

Financial and Banking News

Banking Issues

UAE Cabinet Approves New Central Bank Board

The UAE Cabinet has issued a resolution naming the new board of directors forthe Central Bank. The resolution will not take effect until it has beenconfirmed by an Amiri decree from Shaikh Zayid ibn Sultan Al Nuhayyan, thePresident of the UAE, who is currently out of the country. The board will servea four-year term, effective from the date the Amiri decree is issued. The new...