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Tue 13 Oct 2015 02:09 PM

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UAE bank liquidity is still good, says Mashreq CEO

Abdul Aziz al-Ghurair says gov't has adequate means to manage liquidity in UAE banking sector

UAE bank liquidity is still good, says Mashreq CEO
Mashreq CEO Abdul Aziz al-Ghurair.

Liquidity in the United Arab Emirates banking sector is still good and the government has adequate means to manage liquidity, the chief executive of Dubai's Mashreq bank said on Tuesday.

"Our government has lots of resources to manage the liquidity," Abdul Aziz al-Ghurair, who is also chairman of the UAE Banks Federation, told reporters on the sidelines of a conference in Dubai.

He said Mashreq had no immediate plans to issue bonds.

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