Financial and Banking News
UBAE Shareholders Agree on Liquidation
The shareholders of UBAE Arab German Group agreed on 16 October to put thebank into voluntary liquidation. The decision, taken at an extraordinarymeeting, was expected and in line with a recommendation from the board ofdirectors. An official commented that liquidation would be managed to give thebank a "soft landing". The bank is already highly liquid. UBAE'sshareholders are...