29.09.2014 - After 23 years in office, why was the UAE's central bank governor replaced?
It was quite a shock to hear that the UAE has replaced the governor of its central bank, Sultan bin Nasser Al Suwaidi, who has been in the job for 23 years. His replacement is the CEO of the Emirates Investment Authority, a sovereign wealth fund, Mubarak Al Mansouri. When men like this go suddenly there is always the question of what went wrong but this is just speculation as we have no idea. Clearly it might just be thought a change at the top was overdue. Bankers have long been critical about the internal mechanisms of the UAE central bank...............................................Full Article: Source
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