Financial and Banking News
UAE Local Banks Called To Meeting With Central Bank
The 19 local banks incorporated in the UAE were called to attend a meetingwith the Central Bank Governor, Mr. Sultan Nasir al-Suwaidi, on 11 December. Itwas expected that the Governor would give the banks some indication of hisintentions vis-a-vis the new regulations limiting large exposures to singleclients. In mid-November Mr. Suwaidi invited all the foreign banks to...