Sharjah Police: ‘Don’t give money to beggars’
Fighting the world’s biggest killer
Twist and shout
Smoking with child in car banned
“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
-
Online Learning On The Rise
-
Saudi’s Sipchem picks HSBC as adviser for Sahara merger
-
KOHLER Raids Counterfeit Center, Destroys Over 700 Products
-
Saudi Arabia Says MERS Coronavirus Kills Four More
-
Qatar Airways expands fleet
-
Qatar tightens caps on banks’ securities investment
-
Abu Dhabi’s Waha Capital Buys Stake In Healthcare Firm
-
Saudi Arabia plans to block WhatsApp within weeks
-
MERS coronavirus claims another life
-
Back to pre-crisis peak
-
Nokia Lumia 720 launches ‘Man of Steel’ campaign
-
Dubai World unit sells UK asset to Brookfield
-
UAE banks ask to permit loan transfers for Emiratis
-
Indonesians protest at Jeddah consulate
-
UAE Regulator To Allow Trading In Share Offer Rights
-
Citigroup To Exit UAE Interbank Rate Setting Panel
-
World’s largest mall to get bigger
-
Mediaquest acquires AME Info and SME Info
-
Emaar Plans JV With Dubai Holding For New Project
-
Global damage of corruption
Lately on Kipp
-
Cobone founder: ‘Best we’ve ever been’
-
Mother Technologies appoint Whitehats as their local IT support
-
Flying Doctors India, Intensive Care Unit in the sky at 30,000 feet
-
Comguard wins the coveted Security Distributor of the Year Award
-
Mile-high tower fit for a prince
-
CompTIA Middle East Research Reveals Focus on IT Recruitment to Boost Business Competitiveness and Security
