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Obaid Humaid al-Tayer

UAE-central-bank

UAE to require banks to hold 10 percent liquid assets

Banks in the United Arab Emirates will have to hold high-quality liquid assets equal to 10 percent of their liabilities from Jan. 1 next year, under a rule introduced by the UAE central bank as it prepares the sector to comply with Basel III global standards.

July 15, 2012 5:06
 
UAE-economy-minister-cuts-2012-GDP-growth-outlook

UAE feels no pressure to issue bonds

The government of the United Arab Emirates will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Obaid Humaid al-Tayer, Minister of State for Financial Affairs, said on Tuesday.

June 19, 2012 5:26