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New proposals would raise the capital requirements for the largest and most important banks by 9%, down from 19%
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UAE, Oman e-network gets a boost
ABU DHABI — The Ministry of Interior is stepping up its efforts to bolster the electronic network linking the UAE with the Sultanate of Oman, a senior official said yesterday.
Lieutenant General Shaikh Saif bin Zayed Al Nahyan, Minister of Interior, has said that greater emphasis would be laid on the project, which focuses on exchanging electronic information between the two countries, according to Major General Saif Abdullah Al Shafar, under-secretary of the Ministry of Interior of the UAE.
The project envisages a joint action mechanism between the ministries of the two countries for dealing with all kinds of transactions.
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