30.06.2009 - UAE to guarantee bank bond sales to boost liquidity, Al Suwaidi says
From Gulfnews.com: The UAE plans to guarantee bank bond sales, intensifying efforts to shore up the financial system after pledging Dh120 billion ($33 billion) to boost liquidity in the Arab world's second biggest economy. The proposed law, which would allow the government to guarantee bonds, medium-term notes, syndicated loans and commercial paper, is expected to be discussed this week and will "give banks an extra arm to extend credit," central bank Governor Sultan Bin Nasser Al Suwaidi said in an interview in Basel, Switzerland, yesterday........Full Article: Source
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