UAE cbank calls for lower interbank ratesUAE banks need to raise deposit levels to reduce interbank lending rates and put them more in line with London Interbank Offered Rates (Libor), the central bank governor was quoted as saying on Thursday. UAE interbank rates (EBOR) have sta More… |
Credit crisis in UAE as banks seek urgent cashInterest rates in the UAE tightened further on Sunday as a credit crisis deepened and banks prepared for the possibility of having to draw upon emergency cash from the central bank. Interbank lending rates climbed as banks scrambled for sh More… |
Credit crisis in UAE as banks seek urgent cashInterest rates in the UAE tightened further on Sunday as a credit crisis deepened and banks prepared for the possibility of having to draw upon emergency cash from the central bank. Interbank lending rates climbed as banks scrambled for sh More… |