UAE banks welcome new regulations

The

board of directors of the UAE Banks Federation (UBF) has discussed the latest developments in the UAE’s banking sector as well as the progress of key initiatives and activities during its recent meeting.

Chaired by Abdul Aziz Al Ghurair, UBF Chairman, the board of directors commended the banking laws and regulations issued recently, highlighting the positive impact they will have on the banking and financial sector as well as the national economy.

(WAM)