Gold iPad at Burj Al Arab
Minimum wage ‘unfair’ for employers?
Taking on Abercrombie & Fitch
Fake pilot ‘on the run’
“Your customers aren’t fools”
Behind the curtain of Simone Heng
Chatting with the man behind Dubai City Pass
A business discussion with the author of ‘Connect The Dots’
Banks have enough liquidity, says UAE central bank
Sultan bin Nasser al-Suwaidi says ‘the situation of liquidity and deposits in the banking system is normal’.
April 6, 2010 3:55 by Ben Flanagan
The governor of the UAE central bank says the banking system has enough liquidity to meet the country’s economic needs, according to a report by Bloomberg.
“The situation of liquidity and deposits in the banking system is normal and compatible with the economy and its needs at the moment,” Sultan bin Nasser al-Suwaidi was quoted as saying by the newswire. “The banks lend when there is demand, when there are big projects that require a lot of financing.”
Executives such as Michael Tomalin, chief executive officer at National Bank of Abu Dhabi, have called for a reduction in the cost of borrowing in the UAE, it was reported.
More on GCC
-
Dubai ruler makes horse doping illegal
-
CEO-elect of UAE’s fraud-hit RAKBANK has quit
-
Saudi Arabia confirms another death from SARS-like virus
-
Prepaid cards available across the UAE
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
Lately on Kipp
-
Dubai ruler makes horse doping illegal
-
CEO-elect of UAE’s fraud-hit RAKBANK has quit
-
Over 90% of passwords vulnerable to hacking
-
‘Renewable energy absolutely necessary’ – Saudi
-
NEC Display Solutions launches Full HD 3D ready compact meeting room projector
-
Saudi Arabia confirms another death from SARS-like virus
