UAE establishes crisis group

The Central Bank of the United Arab Emirates said on Wednesday that it would set up a group to tackle the impact of the credit crisis on the seven states.

The central bank said the group would address "matters of mutual concern and suggest remedial action". The aim of the initiative was "to preserve and build on confidence measures" taken recently. Central bank officials and representatives of the private-sector banks will sit on the committee.

The move comes less than a fortnight after the c

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