Challenges stack up for the banks

Headline: Challenges stack up for the banksSource: EuromoneyDate: September 2001Author: Nigel Dudley Banks in the UAE have been tardy about consolidation and rationalization, relying on the benefits of continuing high oil prices. Now, though, they face the challenges of money-laundering investigators and impending WTO financial sector liberalization.         Dubai: the plentiful supply […]

Headline: Challenges stack up for the banks
Source: Euromoney
Date: September 2001
Author: Nigel Dudley

Banks in the UAE have been tardy about consolidation and rationalization, relying on the benefits of continuing high oil prices. Now, though, they face the challenges of money-laundering investigators and impending WTO financial sector liberalization.

       
Dubai: the plentiful supply of high quality new office space has not created property loan problems yet
On the surface, prospects for the United Arab Emirates’ financial sector look good.






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