Financial and Banking News
Abu Dhabi Financial Authorities Face Credibility Test, not Just from BCCI
The BCCI affair is only one element, albeit the most important, in anemerging credibility test for the UAE financial authorities. Rumors are rifethat National Bank of Sharjah and the Abu Dhabi-based National Investment andSecurities Corporation (Niscorp) are facing difficulties. The Central Bank ofthe UAE is still unable to operate as a truly federal institution,...