The UAE central bank governor, Khaled Mohammed Balama, said on Thursday, six days into the conflict in the Middle East, that the country’s banking and financial sector is resilient, strong, stable, and well-positioned to navigate regional developments.
He added that capital adequacy ratio currently stands at 17 per cent, while liquidity coverage ratio exceeds 146.6 per cent.
UAE stock markets fell in early trade on Thursday <a href="https://jordangazette.com/dubais-fairmont-the-palm-bounces-back-after-incident-during-strikes/”>after reopening on Wednesday following a two-day suspension triggered by Iran’s missile and drone attacks on the Gulf state after US and Israel launched strikes on Iran on Saturday.