Financial markets in the UAE in particular have provided a major focus of attention over the past year or more as banks and investors, anxious to participate in the Gulf oil boom, have piled in and added to the country’s diverse range of institutions, exchanges and markets. While oil prices eased in 2006, all states in the Gulf have produced record oil revenues and massive liquidity still exists in the region.
For Sultan Bin Nasser Al Suwaidi, governor of the UAE Central Bank since 1991, the key task has been to maintain and safeguard the institutions and the banking sector, and while markets have witnessed significant volatility, the governor’s efforts have helped not only to keep the financial infrastructure stable but also provided the confidence for significant financial developments.
