Abdul Aziz Al Ghurair Quotes

Abdul Aziz Al Ghurair — Emiratis Businessman born on November 12, 1954,

Abdul Aziz Al Ghurair عبد العزيز الغرير of the United Arab Emirates, is the Chief Executive Officer of the publicly traded Mashreq Bank, and billionaire. As of 2011 his net worth was estimated by Forbes to be $2.7 billion, making him the 420th richest person in the world... (wikipedia)

One of the main characteristics that differentiates Dubai from other commercial centres is its openness to innovation and the freedoms it grants people and institutions to operate.

Dubai's world class physical infrastructure has already established it as a major player in terms of trade, tourism and as the leading conference and exhibition venue in this part of the world.

No nation has embraced Total Quality Management, e-commerce and e-government with greater enthusiasm than Dubai. Such innovations have given Dubai a competitive edge and an accelerated growth rate that few could match.

Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.

The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.

Abdul Aziz Al Ghurair Quotes

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