NO. 50


Financial and Banking News

Budgets & Revenues

UAE Central Bank Governor Estimates Withdrawals from Local Banks

Deposits placed with UAE commercial banks fell by 5.2% during the first twoweeks of August, according to the Governor of the Central Bank of the UAE, Mr. 'Abdal-Malik al-Hamar. In an interview with the local Gulf News, Mr. Hamar said thattotal deposits in the banking system on 15 August were Dh64bn ($17.4bn), againstDh67.5bn at the beginning of...