Noor Adhami, head (Global liquidity and cash management) HSBC MENAT, said, “These awards are particularly significant because they are decided by our customers and the industry."
It includes all their assets (property, cash, equities, business interests) less any liabilities,” adding that with this methodology, countries with larger populations are expected to rank highly.
When people are denied access to their bank account, even if it is just for a short period of time, it can ultimately have a knock-on effect on their short-term finances including the payment of rent, school fees and savings.
Representatives from various financial departments in the UAE, as well as the UAE Central Bank, were part of the discussion.
Ayman bin Mohammed al-Sayari, the bank’s deputy governor for investment, also told a news conference that the reserves had risen moderately from the previous month in August.