The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

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.

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. Later that year, a ministerial committee chaired by the minister of state for finance was formed to review the financial position of all local banks. The committee also assessed the banking industry circumstances at that time and injected Dh25 billion ($6.8 billion) into the banks. That was followed by another Dh25 billion injection, taking the total to Dh50 billion, in order to stabilize the sector as a whole and to strengthen the position of the banks.

I understand there is still an amount remaining [Dh20 billion] that has been allocated but not deployed.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree