VOL. XXXVIII

NO. 20

13-FEBRUARY-1995

Financial andBanking News

Regional Banking

UAE's Al-Tayir Rejects Middle East Development Bank

The UAE's top economic official, Mr. Ahmad Humaid al-Tayir, has denied thatthere is any need for a Middle East Development Bank, saying that Arab statesshould focus on increasing inter-Arab co-operation. In an interview with thelocal daily al-Ittihad, Mr. Tayir, who is the Minister of State for Finance,said that "development of the Arab world does not require us to set...