30.06.2009 - UAE to boost banks with gilt edged guarantee
From Maktoob.com: The UAE has announced plans to tackle rising liquidity issues by adding a gilt edged guarantee from the government, thereby making bank bonds, medium-term notes, syndicated loans and commercial paper more attractive to international and local investors. The UAE financial sector faces a shortage of funds and underlying conditions are expected to worsen with the number of non-performing loans continue to rise into 2010........Full Article: Source