14. Thank- you Gillian McMeekin Director – Risk Consulting [email_address]
Hinweis der Redaktion
Governor of central bank Sultan Nasser al Suwaidi said he expected growth to fall because of the global credit crisis and its impact on the domestic banking system, The National daily reported Saturday. He said the situation “is putting pressure on everything in the external world. Therefore, that’s going to cause a slowdown in the economy (of the UAE)”. Suwaidi added that banks would have to make provisions for falling property values, but was confident they would be able to service their debts.