Financial and Banking News

REGIONAL BANKING

UAE Monetary Policy Yields First Fruits 

Despite generally negative trends in the economic activity in the UAE over the past year, the UAE Central Bank is claiming some small but significant progress in its attempt to regulate the financial and banking scene in the country. A top UAE banking official told MEES in Abu Dhabi last week that three months after the change in reserve ratios last October, the Central Bank has fulfilled all its...