VOL XXX

NO. 8

1-DECEMBER-1986

Financial andBanking News

REGIONAL BANKING

Al-Tarir Blames Expatriate Bank Management

The UAE Minister of State for Financial and Industrial Affairs, Mr. AhmadHumaid al-Tayir, last week deplored the delay in introducing an appropriatelegal infrastructure in the country which, he said, has been a direct cause offraud on the part of the expatriate management of the country's banks. Quoted bythe official news agency WAM, Mr. al-Tayir said that "if these laws wereissued...