UAE federal finance chief speaks to Euromoney

Younis Al Khouri, director-general of the UAE federal finance ministry, speaks about his department’s cash injections into the banking sector, and his plans for the first UAE-wide sovereign bond.

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What has the federal ministry of finance done to stabilize the UAE banking sector since the global financial crisis?




Younis Al Khouri, director-general of the UAE finance ministry

In October 2008, the council of ministers issued a resolution to guarantee 100% of deposits in the UAE banking system, for a period of three years. That guarantee will expire in October this year and was a clear sign at that time that the country was making every effort to maintain its position of having a strong financial hub for the region, be an open market and add stability to the banking sector.

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