UAE | Government
FNC seeks answers on effect of global crisis on local banks
The Federal National Council (FNC) will ask the government to describe the precise effect of the global financial crisis on the banking sector in the UAE.
- WAM
- Published: 23:45 December 13, 2008
Abu Dhabi: The Federal National Council (FNC) will ask the government to describe the precise effect of the global financial crisis on the banking sector in the UAE.
It will also address questions to the government on the issue of the fictitious investment portfolios. A number of other key topics will also be debated when the FNC convenes on Tuesday in the second round of the third ordinary session in the 14th Legislative chapter.
The FNC is preparing to open a discussion on a letter sent to it by the Ministry of State for FNC Affairs regarding government's rejection of a request by the Council to embark upon a wider discussion on the topic of national identity.
The next session promises to be lively with discussions on the expatriate labour in UAE and the influence of the new regulations introduced by the Ministry of Labour.
A tobacco draft law will also be discussed.
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