VOL. XXXI

NO. 9

7-DECEMBER-1987

Financial and Banking News

INVESTMENT ACTIVITIES

UAE governor Calls for Public Investment Authority

The Governor of the Central Bank of the UAE, Mr. 'Abt al-Malik al-Hammar,has called for the establishment of one or more 'public investmentauthorities" in each of the member states of the GCC, whose function itwould be to offer advice to investors. Mr. al-Hammar made the suggestion in amessage to a seminar held in Sharjah on 21 November dealing with capitalmarkets. His...