Deposit guarantees: UAE clarifies and expands
WAM (October 13)
Cabinet's decision on banking deposits guarantee lasts for three years (urgent)WAM is the federal government news agency.
Oct 13, 2008 - 09:37 -
WAM Abu Dhabi, Oct, 13th, 2008 (WAM) -- The decision taken by the Federal Cabinet today to guarantee banking deposits will last for three years, a source at the Ministry of Finance announced today.
In a statement to Emirates News Agency (WAM), the source added that the guarantee of deposits in the national banks would also include foreign banks which have significant operations in the UAE.