VOL. XL
No. 19
12-May-1997
UAE
EBI Launches Emirates Equity Fund And NewStock Index
The Emirates Bank Group announced on 4 May that it will launch the first mutualfund allowing limited participation by non-United Arab Emirates (UAE) nationals in UAEequities. The open-ended fund, which opens for subscription on 1 June, will allow foreignparticipation to a maximum of 20% of the fund's size. Although the fund will not solicit subscriptionsoutside the UAE, it will accept subscriptions from non-UAE...
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