UAE Facility To Back Funds In Banking System | Shanghai Daily

The story appears on

Page A16

November 30, 2009

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

UAE Facility To Back Funds In Banking System

THE United Arab Emirates' central bank set up a facility yesterday to support liquidity in the banking system as Dubai sought to delay debt payments from two of its flagship firms, sending global markets lower.

"(The) central bank has issued a notice to UAE banks and branches of foreign banks operating in the UAE, making available to them a special additional liquidity facility linked to their current accounts at the central bank," it said in a statement.





 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend