Tuesday 22 July 2014
state funds

UAE cbank issues debt exposure rules

The central bank of the United Arab Emirates on Monday issued regulations that cap bank lending to state governments and related entities, a step towards preventing another boom-and-bust cycle in the economy. Property prices and b


Saudi transport projects on track

Saudi Arabia's transport minister said all transport projects in the kingdom were on track and it was using state funds to push them forward given the high cost private sector borrowing. Jebarah bin Eid al-Suraisry said on Wednesday th

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