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UAE to inject $19 bln into banking sector

com.cn » 2008 » October » 14th » UAE to inject $19 bln into banking sector

The United Arab Emirates (UAE) government has earmarked 70 billion dirhams (19.1 U.S. dollars) to the country's banking sector, the official Emirates News Agency reported on Tuesday. UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum ordered the money transfer to the Ministry of Finance so that it can inject liquidity into the national banking sector. On his … Continue Reading »

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