VOL. XLI

No. 45

9-November-1998

UAE

UAE Stock Market May Improve Accounting Standards

Speaking on the sidelines of the 4th GCC Banking conferenceheld in Qatar on 24-25 October, Mr. Sultan bin Nasir al-Suwaidi, the Governor of theCentral Bank of the UAE, announced that the draft law for a formal stock exchange has beenfinalized and is expected to be approved within three months. Mr. Suwaidi said that thestock market will be regulated by an independent entity and that a decision regardingforeigner...