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Tuesday, November 10 - 2009
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UAE faces no liquidity crisis, Al Suwaidi says

  • United Arab Emirates: Tuesday, December 16 - 2008 at 08:30

The UAE has adequate resources to pump liquidity to the local banking system, Sultan Nasser Al Suwaidi, the UAE Central Bank Governor said on Monday. The government has issued treasury bonds to cover the amount of the stimulus package given to the local banks recently, he stated. Credit growth in the UAE will be no more than 10% in 2009, he added.

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