Financial and Banking News
UAE Central Bank Backs Down over License Fees
The Central Bank of the UAE last week issued a circular postponing untilfurther notice its plans to introduce license fees for banks operating in thecountry. The fees were to have been applied to foreign banks, representativeofficer and moneychangers by the end of this month (MEES, 20 June) although itwas left unclear when local banks would have to apply the new rules. All...