UAE central bank says closely monitoring Dubai crisis
Published on Sat, Nov 28, 2009 at 15:14 | Source : Reuters
Updated at Mon, Nov 30, 2009 at 15:28
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
UAE central bank says closely monitoring Dubai crisis
The central bank of the United Arab Emirates is closely watching events stemming from the Dubai debt crisis to ensure no harm results for the national economy, a spokesman for the central bank said on Saturday.
The central bank of the United Arab Emirates (UAE) is closely watching events stemming from the Dubai debt crisis to ensure no harm results for the national economy, a spokesman for the central bank said on Saturday.
"The central bank is monitoring developments very carefully to ensure that there is no negative impact on the UAE economy," the spokesman told Reuters by phone.
No official communication from the central bank would be issued on Saturday and none was expected on Sunday, the spokesman said.
"Wait until the central bank opens on Monday," he said.
