Browse
related articles
UAE banks get funds access
- United Arab Emirates: Saturday, September 27 - 2008 at 09:08
The UAE central bank has said it would give banks access to short-term funds at a premium to market rates, Reuters has reported. This is to to ease tensions in money markets as it sought to stave off effects of the global credit crunch. This means the facility widens the definition of acceptable collateral and offers reassurance that ample funds will be available, but at a high cost to promote prudent lending.
Related Content
Article Options
Medilyn Manibo, Assistant News EditorSaturday, September 27 - 2008 at 09:08 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
