Economics
U.A.E. Plans Laws to Restrain Credit Growth, Al-Suwaidi Says
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The United Arab Emirates plans regulations to contain credit growth after Dubai’s real estate market boomed and then slumped, Central Bank Governor Sultan bin Nasser al-Suwaidi said.
“Mortgage loan regulations are coming,” al-Suwaidi told a conference today in Dubai. “The U.A.E. should have regulations to restrict credit growth when it reaches a certain level.”