Middle East Economic Survey

VOL. LII

No 34

24-Aug-2009

UAE

UAE Financial System Remains Fragile, NBK Reports

The UAEs financial system remains under considerable stress despite a combination of emergency policy measures, rising equity prices and improved confidence, says the National Bank of Kuwait (NBK) in its latest GCC Brief, published in August. Recent official monetary statistics released by the Central Bank of the UAE show that growth in key measures of the money supply has decelerated...