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(AFX UK Focus) 2008-11-10 06:53 UAE loan market not immune from global woes -cbank (Interactive Inve |
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Written by Webmaster
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Tuesday, 11 November 2008 |
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FUJAIRAH, United Arab Emirates, Nov 10 (Reuters) - The UAE lending market would inevitably be hit by the liquidity crunch, and a global slowdown would add impetus to the Gulf monetary union project, the central bank governor said on Monday. Sultan Nasser al-Suweidi said the UAE, which pegs its currency to the U.S. dollar, decided not to track the latest U.S. Federal Reserve interest rate cut to ...
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Last Updated ( Tuesday, 11 November 2008 )
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