Financial and Banking News


UAE Central Bank Extends Deadline on Director Loans 

The Governor of the Central Bank of the UAE, Mr. 'Abd al-Malek al-Hamar, in a statement to the Emirates News Agency on 24 October announced that the deadline for commercial banks to comply with regulations limiting exposure to their own directors has been extended from 31 December 1983 (which had not in any event been met by many of the local banks) to a period "not exceeding...