Regulation, Risk & Compliance
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UAE banks likely to get 5-year grace period over GRE loans
Banks are likely to be given a five-year grace period to comply with new rules limiting their exposure to government-related enterprises (GREs), said the chairman of the UAE Banks Federation. But Abdul Aziz Al Ghurair, who is also the chief executive of Mashreq, suggested that lenders would not be granted…
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Click here to read the full story: The National