UAE fund fails to stabilise markets
- Published: 29 September 2008 14:03
- Author:Matthew Martin | More by this Author
- Last Updated: 29 September 2008 16:30
Lending between banks in the GCC has continued to falter despite a liquidity injection of AED50bn ($13.6bn) from the Central Bank of the UAE, with borrowing rates rising to more than 4 per cent in the UAE and Saudi Arabia.
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