UAE:
Despite a recent negative outlook by Moody’s on the UAE banking sector, it has
been revealed that the emirates currently hold the largest banking assets in
the Middle East, at AED1.6 trillion (US$435.59 billion), or 160% of its GDP.
Abdul Aziz Al Ghurair, the chairman of the DIFC Authority and
CEO of Mashreq Bank, said that: “The UAE’s banking sector is doing well. Banks
have ample liquidity. The government-related entities have stabilized and they
are strengthening their balance sheets,” he said.
Friday 23rd
November 2012
See: http://www.islamicfinancenews.com/
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.