NO. 32


Financial and Banking News

Regional Banking

Abu Dhabi Transfers about Dh1.2mn to Sharjah Banks

The Central Bank of the UAE has released a little more than Dh1.2bn ($327mn)into the Sharjah banking system as part of a settlement between Abu Dhabi andSharjah over payments for gas delivered by Sharjah to the northern emirates onbehalf of Abu Dhabi (for full background see MEES, 4 May). The Central Bankstarted transferring the money on 6 May, and banks in Sharjah were...